AT&T Stock Rises on Strong Q3 Earnings Despite Revenue Miss

AT&T's third-quarter results show robust earnings and subscriber growth, offsetting a slight revenue shortfall.

AT&T reported adjusted earnings of $0.60 per share, surpassing Wall Street's expectation of $0.57 per share.
Third-quarter revenue was $30.2 billion, slightly below the anticipated $30.45 billion, due to slow smartphone sales.
The company added 403,000 postpaid phone subscribers, exceeding consensus estimates of 394,600.
AT&T's free cash flow was $5.1 billion, well above the forecasted $4.3 billion, supporting potential stock buybacks.
A $4.4 billion non-cash goodwill impairment in the Business Wireline unit significantly impacted net income.