AT&T Tops Q1 Forecasts on Strong Revenue and Subscriber Gains
at&t ©Shutterstock Shares of AT&T Inc. (NYSE:T) edged 0.8% higher after the telecom group reported first-quarter results that came in ahead of market expectations, driven by solid revenue growth and continued subscriber additions. Adjusted earnings per share were $0.57, beating the consensus estimate of $0.55, while revenue rose 2.9% year-on-year to $31.5 billion, also exceeding forecasts of $31.25 billion. AT&T reported 294,000 postpaid phone net additions during the quarter, ahead of expectations for ...