Contested Time Warner acquisition buoys earnings at AT&T

Published October 24, 2018 1:01pm ET



AT&T’s merger with Time Warner, along with growth in its wireless business, helped the telecommunications giant top Wall Street’s revenue forecast for the three months through September.

Sales at the Dallas-based company rose 15 percent in the quarter to $45.7 billion, AT&T said on Wednesday, compared with the $45.4 billion average of analysts’ projections. Profit increased to $4.7 billion, or 65 cents per share.

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