AT&T’s (NYSE: T) shares were on an upswing in pre-market trading on Thursday as the telecommunications giant posted revenues of $30 billion, down by 4.1% year-over-year, surpassing analysts’ estimates by $140 million.
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Adjusted earnings came in at $0.68 per share in Q3 beating Street estimates of $0.61 per share.
John Stankey, AT&T CEO commented, “Our disciplined go-to-market approach is helping drive healthy subscriber growth with high-quality customers. As a result, we now expect to achieve wireless service revenue growth in the upper end of the 4.5 percent to 5 percent range. “
