Page 28 - John Stankey News Today

Telecom giant AT&T, Inc. reported Thursday that its first-quarter profit declined from last year, yet topped market estimates. Revenues were higher, but missed the Street forecast.

AT&T’s earnings and wireless adds were roughly in line with Wall Street’s estimates.

During the early trading hours on Thursday, April 20, the stock price of telecom giant AT&T (NYSE: T) came crashing down by more than 7%.

AT&T maintained a run of post-paid phone net additions in excess of 400,000, but gains in Q1 were less than in the same period of 2022.

AT&Ts adds of 272,000 fiber subs in Q1 were solid but didnt meet expectations. Meanwhile, AT&Ts view on FWA as an option in select scenarios and in areas with excess capacity appears to be brightening.

Expect to use gigabits more data every month.

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AT&T (T) stock has lost 5.1% in Thursday's premarket, falling to $18.70, after missing Wall Street's revenue target for the first quarter. Revenue of

When theres valuable spectrum available, through any form or fashion ... we think that we always want to make those investments, AT&Ts John Stankey said in response to a question about Dish Network.

Shares of the telecom giant dipped on a weak earnings report.