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Updated from 11:41 a.m. EDT


(T) - Get AT&T Inc. Report

beat analysts' expectations Tuesday when it reported quarterly earnings.

The New York-based telecommunications giant said second-quarter earnings were 57 cents per share, on an operational basis, up 8 cents from the 49 cents reported in the year-ago period. Its earnings were $1.9 billion, compared with $1.6 billion earned in the same period last year.

Wall Street analysts expected the company to report 53 cents a share, according to research firm

First Call/Thomson Financial


AT&T finished Tuesday regular trading up 1/2, or 1.5%, at 33 13/16.

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On a reported basis, AT&T said earnings per share were 53 cents, compared to 49 cents a year ago.

Revenue increased 4.5% to $16.221 billion from $15.752 billion in last year's second quarter. This includes gains from its



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The company's business services, wireless services and broadband units all reported revenue gains, the company said.

Revenue in the company's wireless division grew 32% as it expanded into four new major markets. And with the completion of the MediaOne

acquisition on June 15, AT&T became the country's largest broadband video company, with about 27.9 million homes.