The telecommunications company added more mobile phone customers than Wall Street was expecting over the fourth quarter.

Analysts expect the Dallas, Texas-based company to report quarterly earnings at 50 cents per share, down from 54 cents per share in the year-ago period. AT&T projects quarterly revenue of $32.04 billion, compared to $32.02 billion a year earlier, according to data from Benzinga Pro.

Shares of AT&T (NYSE: T) gained nearly 4% on Monday, which was even more impressive given the widespread stock market disruption caused by concerns about Chinese advances in artificial intelligence. AT&T stock was climbing even higher on Tuesday, Jan. 28, and was trading for around $24.40 in the afternoon.

AT&T's valuation is surging following the company's recent earnings report. In addition to posting sales and earnings performance that beat Wall Street's expectations, the company also issued encouraging guidance on returning value to shareholders and its plans in the artificial intelligence ( AI) space.

AT&T recently reported its financial results for 2024. The mobile and broadband company produced very solid growth. Mobility services revenues rose 3.5% (compared to its guidance in the 3% range), while broadband revenues rose 7.2% (achieving its 7%-plus forecast).

AT&T's fourth-quarter results exceeded Wall Street's estimates as growth on the top- and bottom-line were boosted in part by an increase in acquired customers. The telecom company on Monday said it logged net income of $4.08 billion, or 56 cents a share, compared to $2.19 billion, or 30 cents a share, a year earlier.

AT&T Inc. posted fourth-quarter results that beat Wall Street projections, including better-than expected increases in mobile-phone customers and

AT&T posted better-than-expected earnings on Monday, as the number of customers who signed up for its plans over the final quarter of 2024 topped Wall Street estimates. The benchmark was down 1.6% ...

AT&T's fourth-quarter results exceeded Wall Street's estimates as growth on the top- and bottom-line were boosted in part by an increase in acquired customers. The telecom company on Monday said ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

D with stock decline. Comcast closed 2024 with a strong quarter, handily beating Wall Street estimates, but its shares slumped due to declines in its broadband business. Revenue of $31.9 billion topped the Street’s expectations for $31.

AT&T sold eight Miami-Dade properties for $43.63 million. Reign CO2 Propco LLC bought the properties from AT&T. The sale is part of a larger $850 million transaction. AT&T (NYSE: T) sold eight utility properties in Miami-Dade County for a combined $43.63 million as part of a national portfolio deal.