AT&T reported strong subscriber growth and quarterly revenue that beat market expectations Tuesday, but earnings missed by 1 cent as operating expenses rose in the period.
The No. 2 U.S. mobile service added 551,000 wireless postpaid subscribers in the quarter, its best second-quarter in postpaid net adds in four years, the company said in a statement.
AT&T added 1.2 million smartphone subscribers.
Total postpaid average revenue per user (ARPU) gained 1.8 percent, where phone-only ARPU was up 3 percent, said the company.
Operating expenses rose 4.8 percent, to $26 billion, from $24.8 billion in the year-earlier period.