(Corrects percentage drop of share price)
By Marina Lopes
WASHINGTON, July 23 AT&T Inc's
second-quarter revenue rose, but slightly less than Wall Street
forecasts, as a promotional offer to charge customers for
devices separately from service weighed on average revenue per
The No. 2 U.S. mobile provider said on Wednesday that,
excluding items, it earned 62 cents, one penny less than Wall
Street expectations according to Thomson Reuters I/B/E/S.
AT&T shares fell 1.67 percent to $35.28 after closing at
$35.88 on the New York Stock Exchange.
AT&T added 1,026,000 contract subscribers in the quarter,
the most in five years, matching Wall Street expectations.
Wireless service revenue decreased 1.4 percent in the second
quarter, while equipment revenue grew 44.8 percent.
AT&T earned $3.6 billion, or 68 cents per share, compared
with $3.8 billion, or 71 cents per share, in the year-ago
Revenue rose to $32.6 billion from $32.1 billion in the
(Reporting by Marina Lopes; Editing by Richard Chang)