AT&T reported first-quarter financial results that missed revenue expectations but exceeded earnings estimates. The company’s operating revenues declined slightly year over year, attributed to lower Mobility equipment and Business Wireline revenues. However, AT&T’s Mobility segment reported strong wireless net additions and postpaid churn reduction. The Consumer Wireline segment also saw significant growth in AT&T Fiber net adds. Despite the revenue decline, AT&T’s adjusted EBITDA increased, and the company generated higher operating and free cash flow. The stock price rose in premarket trading following the earnings announcement. AT&T remains focused on its core communications services business and has raised its dividend yield to 6.73%.
