AT&T Beats Profit Estimates on Jump in Wireless Subscribers

Bloomberg— AT&T Inc. beat analysts' estimates for profit in the first quarter as it added more wireless phone customers than expected.

Yahoo—AT&T beats estimates for subscriber additions, free cash flow. (Reuters) -AT&T surpassed Wall Street expectations for first-quarter wireless subscriber additions and free cash flow on Wednesday as more people purchased its higher-tier unlimited plans. The telecom giant has been leaning on its 5G rollouts and plans that are usually cheaper than rivals such as Verizon to appeal to more budget-conscious consumers and drive growth in the competitive U.S. market. AT&T added 349,000 net monthly bill-paying wireless phone subscribers in the first quarter, flying...

Yahoo Finance—AT&T beats estimates for subscriber additions, free cash flow. The telecom giant has been leaning on its 5G rollouts and plans that are usually cheaper than rivals such as Verizon to appeal to more budget-conscious consumers and drive growth in the competitive U.S. market. AT&T added 349,000 net monthly bill-paying wireless phone subscribers in the first quarter, flying past expectations of 286,800 additions, according to five analysts polled by FactSet.

Bloomberg.com—Verizon (VZ) Reports Profit Beat and Boost in Wireless Subscribers. Verizon Communications Inc. beat analysts’ estimates for profit while boosting wireless service revenue, even as it lost more retail phone customers than expected.