AT&T (T) shares advanced Wednesday as the telecomꦏ giant posted strong subscriber numbers.

The company reported third-quarter postpaid phone net adds of 403,000, and "churn," which measures the percentage of those who opt out of their contracts, of 0.78%. Both were better than consensus es🎉timates of analysts polled by Visibl꧃e Alpha. 

Adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) came in at $0.60, and 澳洲幸运5官方开奖结果体彩网:free cash flow was $5.1 billion. Both were also better than expected. However, revenue ♎slipped less than 1% to $30.2 billion, short of forecasts.

The postpaid phone adds helped boost sales at the company's Mobility segment by 1.7% to $21.05 billion. That was partially offset by an 11.8% drop to $4.61 billion in the Business Wireline unit, which has been struggling as companies pull back on legacy voice and data services.

CEO Touts Converged 5G, Fiber Co🎃nnectivity Stre🅷ngth

澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) John Stankey said the results show AT&T's strength in converged 5G and fiber ♒connectivity. "Despite severe weather and a work stoppage in the Southeast, this is our 19th straight quarter of adding more than 200,000 new AT&T Fiber customers," Stankey added.

The company reite⛄rated its full-year guidance of ad🧜justed EPS of $2.15 to $2.25.

AT&T shares rose nearly 3% in recent trading and have added roughly 30% of their value in 2024.