Here's Why AT&T Stock Jumped Today
Shares of AT&T (NYSE: T) climbed more than 6% on Wednesday, following the release of the telecom titan's fourth-quarter earnings report.
AT&T added 656,000 postpaid phone subscribers, who pay monthly bills and are generally wireless carriers' most profitable customers. For the full year, AT&T gained a total of nearly 2.9 million of these sought-after subscribers.
Additionally, AT&T Fiber added 280,000 customers during the quarter and a total of 1.2 million for the year. The high-speed internet service has now gained at least 1 million subscribers for five consecutive years.
Source Fool.com
