Telecommunications giant AT&T (T) has reported mixed financial results for this year’s first quarter.
The Dallas, Texas-based company announced Q1 earnings per share of $0.51 U.S., which matched the consensus forecast on Wall Street.
Revenue in the January through March quarter totaled $30.6 billion U.S., which narrowly beat expectations that called for $30.4 billion U.S. Sales were up 2% from a year earlier.
AT&T said it had added 324,000 postpaid net phone subscribers over the quarter, beating the 303,000 that analysts had forecast for the company.
Management said they took advantage and signed up new customers as consumers switched cellphone plans during the quarter amid worries about the U.S. economy.
AT&T also said it plans to get a head start on its share-repurchase program. It had previously planned to buyback up to $20 billion U.S. in stock starting in the second half of this year.
Having hit a debt-reduction goal early, the company said that it now plans to start the repurchase program in the current second quarter of the year.
AT&T’s management team also reiterated guidance it issued in March of this year that forecasts full-year earnings of between $1.97 U.S. and $2.07 U.S. a share.
The company still plans to complete the sale of its 70% stake in satellite television service DirecTV by the middle of this year.
AT&T’s stock has risen 18% in 2025 to trade at $26.96 U.S. per share.
