The telecommunications company added more mobile phone customers than Wall Street was expecting over the fourth quarter.

Analysts expect the Dallas, Texas-based company to report quarterly earnings at 50 cents per share, down from 54 cents per share in the year-ago period. AT&T projects quarterly revenue of $32.04 billion, compared to $32.02 billion a year earlier, according to data from Benzinga Pro.

Shares of AT&T (NYSE: T) gained nearly 4% on Monday, which was even more impressive given the widespread stock market disruption caused by concerns about Chinese advances in artificial intelligence. AT&T stock was climbing even higher on Tuesday, Jan. 28, and was trading for around $24.40 in the afternoon.

AT&T recently reported its financial results for 2024. The mobile and broadband company produced very solid growth. Mobility services revenues rose 3.5% (compared to its guidance in the 3% range), while broadband revenues rose 7.2% (achieving its 7%-plus forecast).

AT&T's fourth-quarter results exceeded Wall Street's estimates as growth on the top- and bottom-line were boosted in part by an increase in acquired customers. The telecom company on Monday said it logged net income of $4.08 billion, or 56 cents a share, compared to $2.19 billion, or 30 cents a share, a year earlier.

AT&T has been focused on reducing its debt over the past few years. A big chunk of that debt is the legacy of the company's misguided media acquisitions, which have now been largely unwound. The last piece of AT&T's media exit will be the sale of its remaining stake in DirecTV, which is set to close later this year.

D with stock decline. Comcast closed 2024 with a strong quarter, handily beating Wall Street estimates, but its shares slumped due to declines in its broadband business. Revenue of $31.9 billion topped the Street’s expectations for $31.

AT&T Inc. posted fourth-quarter results that beat Wall Street projections, including better-than expected increases in mobile-phone customers and

AT&T posted better-than-expected earnings on Monday, as the number of customers who signed up for its plans over the final quarter of 2024 topped Wall Street estimates. The benchmark was down 1.6% ...

AT&T's fourth-quarter results exceeded Wall Street's estimates as growth on the top- and bottom-line were boosted in part by an increase in acquired customers. The telecom company on Monday said ...

T-Mobile US Inc.'s stock was up 8.3% Wednesday after the cellphone carrier's fourth-quarter profit and revenue beat Wall Street estimates, boosted by strong net customer additions. The Bellevue, Wash.-based company also gave strong guidance.

AT&T (T) dropped its fourth-quarter earnings on Jan. 27, propelling its stock to new 52-week highs. Shares climbed 6.25% in the day’s trading session after the company exceeded Wall Street expectations and announced plans for substantial investments in artificial intelligence (AI).