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March 4, 1997updated 05 Sep 2016 1:10pm

AT&T ISSUES PROFIT WARNING

By CBR Staff Writer

AT&T Corp has been warning analysts that its near-term profits will be hurt by a series of actions that include cost-cutting moves and heavy investments to take it into new markets, including the local telephone service business. It expects 1997 earnings from core long distance and wireless businesses of $3.45 to $3.75 per share, compared with the $3.47 reported for 1996.

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