AT&T releases first-quarter earnings results

AT & T won the Wall Street estimates for wireless subscribers additions on Wednesday, driven by the steady demand for its plans that brought together high -speed fiber services and 5G mobile offers.

The focus of the American wireless carrier on assembly to support extensive competition in a saturated market, helped by aggressive commercial offers in obtaining 324,000 subscribers on the net monthly wireless phone.

Compared to FactSet estimates for 258,300 additions to a quarter.

After reporting the high rate of subscribers who leave their service in January, AT & T has increased its deals with promotional offers of the latest iPhone devices to include trade from models in any case.

AT & T Cfo Pascal Desrches said: The promotions of devices “are heading higher than expected” since the announcement of mutual definitions in early April.

Telecom companies usually face higher upgrade rates in the second half of the year, and they are largely compatible with the launch of the new iPhone models.

Workers and clients are seen in the sales hall at AT & T Store in Miami, Florida. (Joe Raedle / Getty Images / Getty Images)

AT & T shares abandoned the pre -market gains and were largely circulated.

The total revenue increased by $ 2 to $ 30.6 billion in the first quarter, compared to the estimated analysts of $ 30.35 billion, according to LSEG data.

The company said that more than 40 % of AT&T customers who use fiber also chose wireless plans.

“We believe that AT & T will continue to develop its subscribers and benefit from the promotion of customers to high -value wireless plans,” said Dave Hegel, Edward Jones.

The company attracted the subscribers with the launch of AT & T Luste in January, a policy of providing bill credits for any disturbance on its network.

AT&T reaffirmed again its free cash flow and profitable profit expectations for this year and said it plans to start a re -purchase in the second quarter.

On Tuesday, his rival Verizon recorded higher losses to subscribers in the first quarter, and was harmed due to the repercussions of the recent high prices and high -level promotions at the industry level. T-Mobile is scheduled to submit a report on Thursday after the closure of the markets.