AT&T reported revenues for the first quarter of 39.4 billion US dollars, down almost 3% year-on-year. It blamed "record-low equipment sales" in wireless, adding that it is no longer providing consolidated revenue guidance primarily due to the unpredictability of wireless handset sales. However, entertainment and business solutions revenues also slipped downwards. Randall Stephenson, AT&T Chairman and CEO, described it as a "very competitive quarter." source: AT&T statement
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