AT&T Earnings Rise on Wireless Subscriber Growth

AT&T Inc.’s first-quarter profit grew 3.2 percent as the company’s wireless subscriber rolls continued to grow, though revenue missed expectations.

The telecommunications giant has benefited from surging wireless revenue, as more of its customers switch over to smartphones. But AT&T has been falling further behind Verizon Wireless in wireless subscriber numbers, as the two biggest wireless players in the U.S. battle each other for new customers.

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