AT&T boasts strong growth but misses earnings estimate

AT&T has just shared their earnings report for the third quarter. The company was able to gain two million new customers, but missed their earnings estimate. Shares of AT&T are down in after-hours trading following the earnings report.

Highlights from AT&T's earnings report:

  • More than 2 million new wireless and wireline high-speed broadband connections added
  • Postpaid net adds of 785,000, more than double the year-ago quarter; more than 2.4 million postpaid net adds year to date
  • Best-ever third-quarter postpaid churn of 0.99 percent
  • Wireless data billings up nearly 24 percent versus the year-earlier quarter
  • Third-quarter consolidated revenues of $33.0 billion, up 2.5 percent versus the year-earlier period

Source: AT&T

Sam Sabri