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AT&T (T) -0.9% AH after stating in a Q2 business update it expects wireless postpaid net...

AT&T (T) -0.9% AH after stating in a Q2 business update it expects wireless postpaid net adds of 500K for the quarter. Wireless EBITDA margin is expected to be flat Q/Q, and (thanks to investments and phone subsidies) consolidated margins are expecte to be down Y/Y. AT&T reported 296K postpaid net adds for Q1 (-69K if not for 365K tablet net adds), a number that didn't go over well with investors. No details about Q2 prepaid net adds; they were -184K in Q1.

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