At&T Tops Forecasts, Earns $520 Million in Third Quarter

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NEW YORK (AP) -- AT&T Corp. painted a positive picture Friday with what may be its final earnings report before becoming part of SBC Communications Inc., topping Wall Street forecasts with third- quarter income of $520 million and boosting its revenue forecast for the second time this year.

The iconic telephone company, which in January agreed to be acquired by SBC for $16 billion, also expressed optimism the deal would close before year's end, winning regulatory approval without concessions such as asset sales or price freezes.

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At&T Tops Forecasts, Earns $520 Million in Third Quarter

Despite the upbeat report, AT&T's results reflected ...

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