AT&T boosted its full-year profit outlook after adding further subscribers to its postpaid phone service in the third quarter. The company’s improved outlook reflects continued growth in postpaid phone and internet services.
The results indicate that AT&T is benefiting from additional subscriber additions in its postpaid phone business. The company reported stronger performance in this segment, supporting its decision to raise its full-year profit expectations.
AT&T’s outlook for the full year now reflects the impact of continued postpaid phone and internet growth. This performance underpins the company’s increased profit forecast.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing