AT&T Inc (NYSE: T) reports earnings on October 21. Analysts estimate that earnings should come in at $0.55 for the quarter on $31 billion of revenue. AT&T is the US's largest telephone company, serving 85.1 million wireless customers and 210 million customers total.
Investor's worry that once competitor Verizon (NYSE: VZ) gets the iPhone, AT&T's customers will leave to go to the other network. Stock stock is still holding up however, and it's approximately 6% dividend appears to be safe for the time being.
"AT&T losing its iPhone exclusivity is already prices into the stock," said Andy "Raw" Kibbens, co-CEO of The Markets Are Open. "Let's just see if they can smash the earnings."
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