By Bradley Lamb
AT&T reported first-quarter results impaired by COVID-19, missing revenue targets, as WarnerMedia operations suffered the worst impact from the virus.
Revenue came in at $ 42.8 billion, which was below the consensus view of Wall Street analysts, who were looking for $ 44.2 billion. Earnings of 84 cents a share also missed estimates, but AT&T said without the virus earnings would have been 89 cents, ahead of the consensus of 85 cents.
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