India, Oct. 21 -- Telecom giant AT&T, Inc. reported Wednesday sharply lower profit in its third quarter, hurt by an impairment charge as well as the absence of prior year's divestment gain. Revenues, however, increased from last year. Looking ahead, the company raised fiscal 2026 outlook and maintained long-term view.
In the pre-market activity on the NYSE, the shares were losing around 5.9 percent, trading at $22.07, after gaining 0.95 percent on Tuesday's regular trading close.
For fiscal 2026, the company now projects adjusted earnings per share in the $2.40 range, compared to previous estimate of in a range of $2.25 to $2.35 per share.
Service revenue growth is still expected in the low-single-digit range annually.
Adjusted EBITDA g...