AT&T retreats as Q1 profit declines on higher expenses - AT&T Inc. (NYSE:T), the largest U.S. phone company, dropped to the lowest in nearly a month after reporting a decline in first-quarter profit, hurt by rising operating costs and income tax expenses. The shares slipped 3.6 percent to $34.99 at 9:57 a.m. in New York after touching $34.46, the lowest intraday price since March 25. The stock has lost 10 percent in the past 12 months. Net income fell to $3.65 billion... ow.ly/2FXhqW
Posted on: Wed, 23 Apr 2014 15:33:23 +0000
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