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December 2, 2009

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Phone giant beats profit forecasts

Monday, Oct. 25, 1999 | 11:35 a.m.

NEW YORK -- Merger-related spending for AT&T Corp.'s aggressive foray into cable television weighed down the company's third-quarter profits, but its $1.75 billion profit (54 cents a share) edged past most Wall Street forecasts.

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