AT&T reported quarterly earnings that beat estimates, driven by strong wireless subscriber growth. The company added 432,000 postpaid phone net subscribers, surpassing Wall Street expectations of 338,500 additions. Revenue missed expectations, but investors focused on the subscriber gains, sending shares up 3.50% to close at $23.04. Trading volume surged to 177.6 million shares, about triple the three-month average. The results come as investors watch for potential disruption from SpaceX's Starlink service, with SpaceX set to report earnings on August 4.
AT&T Inc.Beat earnings estimates on strong wireless subscriber growth, sending shares up 3.5%.
T-Mobile US Inc
Verizon Communications Inc
