AT&T shares gain 2.6 percent after results

Wed Jul 23, 2008 8:38am EDT

NEW YORK (Reuters) - Shares of AT&T Inc rose 2.6 percent to $32.65 before the opening bell on Wednesday after the phone company said its quarterly profit rose in line with expectations.

AT&T's performance was supported by growth in wireless subscribers, which helped compensate for its shrinking traditional landline business.

(Reporting by Walter Brandimarte; Editing by Kenneth Barry)