Earnings Preview: AT&T to report 2Q results

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NEW YORK (AP) — AT&T Inc., the largest telecommunications company in the U.S., reports second-quarter results Tuesday before the stock market opens. Its biggest nemesis, Verizon Wireless, reported strong results Thursday.

WHAT TO WATCH FOR: The quarter has lacked major drama for AT&T. Investors are still wondering AT&T will be able to curb its outlays for iPhones, which it sells heavily subsidized, but the true test of that will come later this year, when Apple releases a new model.

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