AT&T (T) on Wednesday reported third-quarter earnings that met Wall Street targets while revenue came in slightly below views and wireless postpaid phone subscriber additions topped expectations. AT&T stock initially rose, then reversed down.
The telecom company reiterated 2025 guidance.
Further, AT&T earnings were 54 cents on an adjusted basis, excluding one-time items, the same as a year earlier. Revenue rose 1.6% to $30.7 billion.
Analysts had projected AT&T earnings of 54 cents a share on revenue of $30.87 billion, according to FactSet.
Also, the telecom company said it added 405,000 postpaid wireless postpaid phone customers during the quarter vs. estimates for a 334,000 gain. A year earlier, AT&T added 403,000 postpaid phone subscribers.
On the stock market today, AT&T stock initially rose, then reversed down. Shares fell 2.9% to 25.29 in morning trading. Heading into the AT&T earnings report, shares were up 14% in 2025. But the stock is below its 50-day and 200-day moving averages.
AT&T Stock: Free Cash Flow
In addition, AT&T reported Q3 free cash flow of $4.9 billion vs. estimates of $4.8 billion. Free cash flow growth supports AT&T’s dividend.
AT&T said it added 270,000 fiber internet customers in Q3, edging by FactSet’s estimate of 267,000.
AT&T has refocused on “convergence”— selling landline broadband and wireless services in product bundles. Competition with cable TV firms is expected to intensify in 2026.
Heading into the AT&T earnings report, T stock had a Composite Rating of 67 out of a possible 99, according to IBD Stock Checkup.
Follow Reinhardt Krause on X, formerly Twitter, @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.
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