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AT&T (T) lowered its full-year revenue forecast after reporting Q3 earnings and sales below consensus estimates after the market close on Wednesday. AT&T was down 1.5% in early trading in the stock market today, near 34.50. Short interest in AT&T’s stock had climbed ahead of Q3 financial results, as IBD reported. AT&T cut its outlook for 2014 revenue growth to 3%-4% from 5%. At least three investments banks lowered their price targets on AT&T Scalper1 News
Scalper1 News