New Delhi, July 23 -- Shares of AT&T Inc. slumped on Wednesday in pre-market session after the company's profit forecast for the year 2025 fell short of Wall Street estimates.

The telecom company said it expects adjusted earnings of $1.97 to $2.07 a share, lower from the Street's forecast of $2.09 on average.

AT&T stock fell 3.7% in pre-market trading on Wednesday after closing at $27.42 on Tuesday.

The stock is up 20% so far this year through Tuesday's close.

AT&T said its earnings for the second quarter ended June 30, 2025 rose to 54 cents a share.

Its revenue surged 3.4% to $30.8 billion. It reported free cash flow of $4.4 billion.

The company added fewer fiber customers than expected in the second quarter, stoking concerns about...