UPDATE: AT&T Reports 10% Decline In Q2 Net Income

AT&T Inc T reported a 10% drop in its second-quarter net income. The company's earnings fell to $3.59 billion, or $0.60 per share, from $4 billion, or $0.67 per share, in the year-ago period. Its adjusted earnings came in at $0.60 per share. Its revenue rose to $31.5 billion from $30.83 billion. Analysts were expecting earnings of $0.60 per share on revenue of $31.31 billion. AT&T shares dropped 0.23% to $30.16 in pre-market trading.