Page 36 - John Stankey News Today

AT&T posted stronger-than-expected third quarter earnings Thursday, and boosted its full-year profit forecast thanks to a big gain in wireless subscribers helped in part by promotional plans linked to Apple iPhones.

AT&T reportedly commenced talks over a fibre JV which could be valued at more than $10 billion and boost its 5G plans.

"We remain confident in our ability to achieve, or surpass, all our financial commitments for the year," said CEO John Stankey.

DALLAS (dpa-AFX) - Telecom giant AT&T, Inc. reported Thursday slightly higher profit in its third quarter, but flat per share earnings amid weak operating revenues. Looking ahead for fiscal 2022

T earnings call for the period ending September 30, 2022.

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CEO John Stankey stated wireless revenue growth in Q3 was AT&T's best year-on-year rise in more than a decade.

AT&Ts Network EVP Chris Sambar said the company benefits from architectural changes, improved technology, hard work and better-than-expected results in the field.

AT&T added 338,000 fiber subs in Q3 for a total of 6.93 million, nudging it past its 6.86 million non-fiber subs. Meanwhile, CEO John Stankey is mum on a reported fiber JV in the works, but says hes open to new ideas.

AT&T shares jumped 10% after the telecommunications behemoth reported its Q3 financial results. CEO John Stankey discussed the report on CNBC