On Oct 28, AT&T Inc. (NYSE: T ) reported relatively tepid third-quarter 2019 results with a year-over-year decline in GAAP earnings and revenues due to lower-than-anticipated performance by legacy wireline services and WarnerMedia businesses. Excluding non-recurring items, adjusted earnings in the quarter were 94 cents per share compared with 90 cents a year ago. The bottom line exceeded the Zacks Consensus Estimate by a penny. Quarterly GAAP operating revenues declined 2.5% year over year to $44.59 billion. The top line missed the Zacks Consensus Estimate of $45.01 billion.