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 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

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.

Rhode Island-based CVS Health Corporation (CVS) offers pharmacy benefit management services, mail order, retail and specialty pharmacy, disease management programs, and retail clinics. With a market cap of $72.

AT&T has been focused on reducing its debt over the past few years. A big chunk of that debt is the legacy of the company's misguided media acquisitions, which have now been largely unwound. The last piece of AT&T's media exit will be the sale of its remaining stake in DirecTV, which is set to close later this year.

TipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including AT&T and Diamondback Energy

AT&T (NYSE: T) stock is seeing big gains in Monday's trading despite a bearish backdrop for the broader market. The company's share price was up 7% as of 3:15 p.m. ET. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) was down 1.