AT&T Inc's (NYSE: T ) stock fell more than 1% after it missed second-quarter revenue and EPS expectations. Unlike Verizon Communications (NYSE: VZ ) , the company's postpaid subscriber additions failed to impress.
AT&T (NYSE: T ) is in the middle of a systemwide transformation of its network, which it's calling Domain 2.0. The main point of this is to take advantage of new technologies in order to make it easier to manage and extend the network.
"The quarter was marked by several transformative moves to grow our wireless, broadband, and video services," said AT&T CEO Randall Stephenson in a prepared statement. "Our move to simple pricing and no-device-subsidy plans is repositioning the ...
Many analysts have discussed AT&T's (NYSE:T) recent quarter. To sum up the highlights, T did OK, as it had record low churn, record total and wireless sales and the $0.68 second quarter EPS missed the forecast number by a penny.