By Denny Jacob
AT&T shares rose 3.9% in premarket trading after the company reported an increase in acquired customers that contributed to higher first-quarter profit and revenue.
Shares were trading around $28 before the bell. The stock is up about 18% on the year so far.
The telecommunications company recorded 324,000 postpaid phone net adds during the quarter, in addition to 261,000 AT&T Fiber net adds.
AT&T's results stand in contrast to those of competitor Verizon Communications on Tuesday. Verizon lost 289,000 wireless postpaid phone business and consumer subscribers, worse than the 114,000 postpaid phone net loss in the year-ago period.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
April 23, 2025 07:51 ET (11:51 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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