Telecom giant AT&T, Inc. reported Thursday weak profit in its third quarter, despite a slight growth in revenues with solid 5G and fiber subscriber growth. Adjusted earnings and topline beat market estimates, and the company raised its fiscal 2023 guidance for adjusted EBITDA, a key earnings metric. In pre-market activity on the NYSE, AT&T shares were gaining around 4 percent.
John Stankey, AT&T CEO, said, "Our investments in best-in-class 5G and fiber connectivity are fueling our growth engine. We're gaining profitable customer relationships and becoming more efficient. This is powering our strong business performance and gives us the confidence to raise our full-year free cash flow guidance."
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.