AT&T Subscriber Gains Boost Stock

Key Takeaways AT&T reported better-than-expected postpaid phone net adds in the third quarter, and shares advanced Wednesday. Adjusted earnings and free cash flow also came in above estimates, but revenue missed. The results were negatively impacted by a pullback by businesses for legacy voice and data services. AT&T (T) shares advanced Wednesday as the telecom giant posted strong subscriber numbers. The company reported third-quarter postpaid phone net adds of 403,000, and "churn," which measures the perce ...