AT&T shares jump as subscriber growth tops analyst expectations

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AT&T shares jump as subscriber growth tops analyst expectations
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CEO John Stankey dismissed the idea that the phone carrier industry is in a pricing war.

That marketing campaign triggered speculation about whether the competing service providers would adjust their pricing strategies in order to snag more subscribers. T-Mobile has also offered customers discounts for switching from rival carriers.

Here's how AT&T performed in the fourth quarter compared with what Wall Street anticipated, based on an average of analysts' estimates compiled by Refinitiv:$31.34 billion versus an expected $31.38 billionStankey said during the company's earnings call it is staying "very conservative" as it heads into its new fiscal year and watches for recession as well as geopolitical disruption.

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