In April, AT&T Inc. shares rose after it reported quarterly revenue that narrowly topped the average estimate from analysts. The surprise wasn’t as surprising as it looked. Before AT&T’s announcement, investor-relations employees at the telecommunications giant encouraged analysts to look back at comments made by finance chief John Stephens in early March, say analysts who spoke with the company. He had implied some customers...

Source: Wall Street Journal August 04, 2016 15:56 UTC