AT&T Shares Decline Despite Q3 Earnings and Revenue Beats
AT&T (NYSE: T) shares fell approximately 4.6% in premarket trading following its third-quarter earnings report. Although the telecommunications giant surpassed Bloomberg consensus estimates for both revenue and adjusted earnings, investor sentiment was dampened by weaker-than-expected postpaid phone subscriber additions. The discrepancy between strong financial performance and underwhelming subscriber growth suggests a potential slowdown in mobile customer acquisition. This mismatch led to immediate selling pressure despite the company meeting top and bottom-line expectations.
Tickers: $T
Topics: earnings beat revenue growth stock price movement subscriber metrics
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