From Financial Modeling Prep: 2025-01-27 11:53:00

AT&T Inc. (NYSE:T) shares surged over 5% today following a strong fourth-quarter performance. The company added 482,000 wireless phone subscribers, beating expectations of 441,511. AT&T plans to double fiber internet availability and expand its 5G network to drive growth.

The telecom giant reaffirmed its growth strategy, focusing on expanding its fiber internet and 5G network. AT&T aims for at least 3% adjusted core income growth by 2025. The sale of DirecTV for $7.6 billion will help generate over $16 billion in free cash flow.

In Q4, AT&T reported adjusted earnings per share of $0.54, surpassing estimates of $0.50. Revenue increased by 0.9% to $32.3 billion, driven by strong performance in the mobility unit. The results exceeded Wall Street’s expectations of $32.03 billion.



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