AT&T (T) shares jumped in premarket trading Wednesday after the telecommunications giant reported first-quarter revenue and net phone subscriber additions above analysts’ estimates.
The Dallas-based firm posted adjusted earnings per share (EPS) of $0.51 on operating revenue that rose 2% year-over-year to $30.63 billion. Analysts polled by Visible Alpha expected $0.52 and $30.34 billion.
AT&T added 324,000 net postpaid phone and 261,000 net AT&T Fiber subscribers. Analysts had anticipated net additions of 252,800 phone and 264,300 internet subscribers.
AT&T also affirmed its full-year outlook. Last quarter, it said it expected low-single-digit 2025 service revenue growth, along with adjusted EBITDA growth of at least 3% and adjusted EPS of $1.97 to $2.07.
“Our business fundamentals remain strong, and we are uniquely positioned to win in this dynamic and competitive market,” CEO John Stankey said, adding that AT&T’s priorities “have not changed, and we continue to operate our business to achieve the financial plan and capital returns we outlined in December.”
AT&T shares advanced nearly 5% shortly after Wednesday’s report was released. They entered the day about 18% higher so far this year.
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