ATT 2Q Earnings Snapshot

DALLAS (AP) _ AT&T Inc. (T) on Wednesday reported second-quarter profit of $3.71 billion.On a per-share basis, the Dallas-based company said it had profit of 51 cents. Earnings, adjusted for one-time gains and costs, were 89 cents per share.The results met Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was also for earnings of 89 cents per share.The telecommunications company posted revenue of $44.96 billion in the period, also meeting Street forecasts.AT&T shares have risen 12% since the beginning of the year, while the Standard & Poor’s 500 index has increased 20%. The stock has increased 3.5% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on T at https://www.zacks.com/ap/TThe Associated Press