AT&T’s Wireless Subscriber Gains Drive Q3 Growth, But Revenue Misses Expectations

Benzinga 2024-10-23

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AT&T gained more wireless subscribers in the third quarter than expected, surpassing Visible Alpha's forecast. Demand for the company's premium unlimited plans with increased hotspot data drove the surge. Revenue fell short of expectations as fewer phone upgrades impacted mobility equipment sales. AT&T’s fiber business also missed expectations due to installation delays in its southeast region. Shares rose more than 3% in premarket trading.

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