AT&T Shares Soar as Wireless, Fiber Customers Top Estimates
- Revenue gained 1% to $32.3 billion in the fourth quarter
- Earnings per share were 54 cents, unchanged from a year ago
An AT&T store in New York.
Photographer: Gabby Jones/BloombergThis article is for subscribers only.
AT&T Inc. posted fourth-quarter results that beat Wall Street projections, including better-than-expected increases in mobile-phone customers and fiber-based internet subscribers, driven by seasonal promotions and bundled product offerings.
The Dallas-based carrier notched revenue of $32.3 billion in the period, a 1% increase over last year and slightly ahead of Wall Street estimates. It also reported 482,000 new monthly mobile subscribers, ahead of the 442,000 anticipated by analysts. AT&T shares rose 6.3% to $24.14 at the close in New York, their highest since May 2021.