AT AND T <T> 3RD QTR NET
Shr 47 cts vs 48 cts
    Net 505.0 mln vs 533.0 mln
    Revs 8.47 billion vs 8.43 billion
    Nine mths.
    Shr 1.42 dlrs vs 1.16 dlrs
    Net 1.55 billion vs 1.31 billlion
    Revs 25.0 billion vs 25.56 billion
    NOTE: Full name is American Telephone and Telegraph Co.
    NOTE: Prior quarter and nine mth net reduced by 25 mln
dlrs, or two cts per share, for estimated costs to reduce
workforce and consolidate various facilities. Prior qtr and
nine mths include pretax gain of 73 mln dlrs from damages paid
by Republic of Iran and pretax gain of 40 mln dlrs from change
in company's ownership in ING C. Olivetti SpA. After tax these
gains added 68 mln dlrs, or six cts per shr, to net income.
    Prior qtr and nine mth results were previously restated to
reflect a change in depreciation methods that reduced net
income by 175 mln dlrs, or 16 cts per share.
 Reuter
