AT&T Corp. said Thursday its third-quarter profit fell 71% to $3.62 billion, or 61 cents a share, from $12.3 billion, or $2.07 a share, in the year-ago period.
Excluding one-time gains last year from a tax settlement and the sale of Sterling Commerce, earnings rose to 61 cents a share from 54 cents a share.
Revenue fell 0.3% to $31.5 billion.
Wall Street analysts expected AT&T to earn 61 cents a share on revenue of $31.6 billion, according to a survey by FactSet Research.
The communications company booked a 2.1 million increase in total wireless subscribers to pass the 100 million mark.
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