At the beginning of April, AT&T (NYSE: T) officially spun off its WarnerMedia business. This spinoff came only a few years after the company fought tooth and nail to acquire Time Warner for $85 billion. In completing the spinoff of WarnerMedia, AT&T has once again become a pure-play telecommunications business. The company just released its first quarterly earnings report since the spinoff. In the two days following the earnings release, AT&T shares dropped by 10%. That said, there were a couple of big positive reveals in the company's earnings report. Revenue of $29.6 billion slightly beat consensus analyst estimates of $29.5 billion. Plus, earnings per share of $0.65 beat consensus analyst estimates of $0.61 per share. Yet, those results were overshadowed by what AT&T said is going to happen over the remainder of the year... | 
