-AT&T exceeded market expectations for wireless subscriber additions in the second quarter on Wednesday, as the telecom operator's higher-tier unlimited plans attracted customers.The company added 419,000 monthly bill-paying wireless phone subscribers, compared with expectations of 284,800 additions, according to five analysts polled by FactSet.
That has also helped AT&T retain customers better than rivals, with its postpaid phone churn- the number of people disconnecting from a company's service - coming at 0.70%, the second lowest reported for a second quarter.Free cash flow, a metric that helps determine dividend payouts, rose more than 9% to $4.6 billion, beating LSEG estimates of $4.22 billion.
Mobility equipment revenue was down 8% in April-June period. Total revenue of $29.8 billion missed estimates of $29.92 billion, according to LSEG data.