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AT&T Q2 Profit Rises 25%, Beating View; Outlook Raised (T)

Telecom giant AT&T Inc. ( T

) said Thursday that its second quarter profit surged 25% from last year, beating analyst estimates, and the company boosted its full-year outlook.

The Dallas-based company reported second quarter net income of $4.02 billion, or 68 cents per share, compared with $3.2 billion, or 54 cents per share, in the year-ago period. Excluding a one-time gain, adjusted profit was 61 cents per share.

Revenue rose slightly from last year, to $30.8 billion.

On average, Wall Street analysts expected a smaller profit of 57 cents per share, albeit on slightly higher revenue of $30.9 billion.

Looking ahead, the company predicted a "strong" increase in full-year earnings, compared with a prior outlook for "stable-to-improved" results.

AT&T shares rose 42 cents, or +1.7%, in premarket trading Thursday.

The Bottom Line

We have been recommending shares of AT&T since Mar.12, 2009, when the stock was trading at $23.35. The company has a 6.74% dividend yield, based on last night's closing stock price of $24.92.

AT&T Inc. ( T ) is a "recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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