





AT&T Inc. reported strong fourth-quarter earnings for 2024, surpassing Wall Street's expectations. The company's revenue reached $32.3 billion, slightly above the forecasted $32.04 billion. Adjusted earnings per share were $0.54, beating the anticipated $0.50. Net income for the quarter rose to $4.4 billion, a significant increase from $2.6 billion in the same period of the previous year. AT&T's performance was driven by robust growth in its 5G and fiber subscriptions, with the company adding 482,000 new postpaid phone subscriptions and 307,000 new fiber customers. Notably, AT&T Fiber added over 1 million subscribers for the seventh consecutive year. The success in these areas led to a 3.3% year-over-year increase in mobility service revenue to $16.6 billion, and a 7.8% rise in consumer broadband revenues to $2.9 billion. AT&T's stock rose 7% following the earnings announcement, reflecting investor confidence in the company's strategic direction and growth prospects.
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T-Mobile stock climbs after Q4 earnings beat, boosted by strong net customer adds https://t.co/rbjUQltKAI
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