In the midst of agreeing to buy Time Warner (NYSE:TWX), AT&T (NYSE:T) rushed out Q3 earnings a few days early. The biggest issue is that the synergy benefits from DirecTV aren't showing up in the results.
Due to the Time Warner deal discussed here, the stock is trading down regardless of the earnings report. The best question is whether these results justify making another big merger.
Right at the top in the highlights from the investor briefing, investors get a glimpse of the issues. The wireless giant focuses on wireless net adds based on connected devices and quickly moves to Mexico and DirecTV net adds as opposed to postpaid phone adds and total video adds.