AT&T Reports Lower Than Expected Q1 Wireless Revenue, Stock Recovers
AT&T (T) reported Q1 wireless service revenue of $16.94 billion, slightly below some analyst estimates, but its stock recovered after initially falling 3%. The company reported better-than-expected overall revenue and profit, driven by bundled internet and phone service offerings.
Topics: AT&T Lumen Technologies acquisition Q1 earnings stock price movement wireless service revenue