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Why AT&T Stock Plunged Today

TheMotleyFool

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Shares of AT&T (NYSE: T) fell 7.6% on Thursday after the telecom giant slashed its full-year cash flow forecast.

AT&T added a better-than-expected 813,000 net postpaid phone customers in the second quarter. These people pay monthly bills and are generally the most sought-after accounts for wireless companies. AT&T also added 196,000 prepaid phone customers.

AT&T's broadband internet business was another bright spot. AT&T Fiber gained 316,000 net subscribers during the quarter.

Source Fool.com

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