June 3 AT&T Inc raised its full-year
revenue forecast for a second time, citing strong growth in its
The No. 2 U.S. telecom services provider said on Tuesday it
now expects full-year revenue to increase 5 percent, compared
with its prior forecast of 4 percent.
Net subscriber additions to the company's wireless services
are expected to exceed 800,000 in the second quarter, it said.
AT&T reaffirmed its full-year forecast for adjusted profit,
margins, capital expenditure and free cash flow.
The company, which is scheduled to report second-quarter
results on July 23, said it expects to report sales of about 3.2
million AT&T Next smartphones in the current quarter.
AT&T shares were down 0.4 percent at $35.29 in trading
before the bell.
(Reporting by Soham Chatterjee; Editing by Ted Kerr)