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(T) - Get AT&T Inc. Report

lowered its revenue and earnings guidance for the fourth quarter and chopped its quarterly dividend, saying changes in the anticipated signing of certain large network management contracts and an industry-wide slowdown are hurting its operations.

The company expects overall revenue to grow 2.5% to 3% in the fourth quarter, down from previous guidance of 4% to 5%.

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AT&T also projected fourth-quarter operating earnings of 26 cents to 28 cents a share, compared with the 29 cents to 33 cents the company previously expected. According to

First Call/Thomson Financial

, analysts expect the company to earn 31 cents a share in the period.

The company slashed its quarterly dividend to 3.75 cents from 22 cents. The dividend will be payable Feb. 1 to shareholders of record Dec. 29.