(Reuters) – AT&T Inc on Wednesday missed Wall Street estimates for net new wireless subscribers who pay a monthly bill, as the company struggled to attract customers in a saturated U.S. phone market.
The second-largest U.S. wireless carrier by subscribers faces competition from companies such as T-Mobile US Inc and Sprint Corp, who offer lower-priced phone plans.
AT - T - Phone - Subscribers - Bill
AT&T gained a net 134,000 phone subscribers who pay a monthly bill, smaller than analysts’ estimates of 208,000 subscribers, according to research firm FactSet.
The new WarnerMedia segment, which includes Turner and premium TV channel HBO, reported revenue of $9.23 billion during the quarter, beating estimates of $9.05 billion,...
Wake Up To Breaking News!
Sometimes I Wake Up Grumpy. Other Times I Let Her Sleep