AT&T (T) shares rose Wednesday after the company reported second quarter results buoyed by more new subscribers than analysts expected.

The telecommunications titan reported 419,000 new postpaid subscribers, well above the 251,800 expected by analysts, according to Visible Alpha. 澳洲幸运5开奖号码历史查询:Customer churn was just 0.7%, also beating expectations. AT&T posted diluted 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $0.49 on revenue of $29.8 billion, missing꧟ expectations of $0.52 per share on revenue of $30.01 billion.  

The company also reiterate🌳d prev🌃ious full guidance for earnings per share, pointing investors to a range of $2.15 to $2.25 for adjusted earnings.

Shares of AT&T were up about 4% in recent trading. The advance made the stock a rare gainer in the S&P 500's communications service sector, which was weighed down by the falling shares of Google parent Alphabet (GOOGL) and Facebook parent Meta Platforms (META), among others.

Network Issues

On Monday, the Federal Communications Commission released a report on a February AT&T outage that lasted more than 12 hours and blocked more than 92 million voice calls.

The commission blamed an AT&T Mobility network change the morning of Feb, 24. An equip👍ment configuration error caused the network to enter “protect mode,” which disconnected all devices from the network and cut off voice and 5G data service for wireless users, the report said. 

AT&T admitted earlier this month that call and text records from 澳洲幸运5开奖号码历史查询:“nearly all” its cellular customers were compromised in a massive data breach in April.