BusinessAT&T profit beats as iPhone sales drop helps margins
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AT&T profit beats as iPhone sales drop helps margins
US housing data also brightened the market mood, showing a steady recovery in the battered sector, with single-family home prices rising in February for the first time in 10 months and upward revisions to past data.
AT&T Inc reported a higher-than-expected quarterly profit on Tuesday as iPhone sales declined, reducing the amount of cash it had to pay Apple Inc and boosting its margins.