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

Benzinga

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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00:00It's Benzinga bringing Wall Street to Main Street.

00:02AT&T gained more wireless subscribers in the third quarter than expected, surpassing Visible

00:07Alpha's forecast. Demand for the company's premium unlimited plans with increased hotspot data drove

00:12the surge. Revenue fell short of expectations as fewer phone upgrades impacted mobility equipment

00:18sales. AT&T's fiber business also missed expectations due to installation delays in

00:23its Southeast region. Shares rose more than 3% in pre-market trading.

00:28For all things money, visit Benzinga.com slash GSTV.

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