Despite the challenging macroeconomic environment, telecommunications giant AT&T Inc.’s (T) earnings and revenue beat Wall Street estimates in the last reported quarter. T’s EPS beat analyst estimates by 10.4%, while its revenue came 0.6% above the consensus estimate. The company’s revenue declined on a year-over-year basis, but the decline can be attributed to the divestments of WarnerMedia and DirecTV.
The company recorded 1.5 billion postpaid phone additions in the third quarter, higher than estimates. In addition, its 338,000 fiber broadband subscribers beat the 330,000 estimates. Its postpaid phone churn came in at 0.84% for the last reported quarter.
