Shares of AT&T Inc. are up about 1% in premarket trading Wednesday after the telecommunications company offered some fourth-quarter metrics ahead of an investor conference.
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The company also added roughly 270,000 fiber subscribers in the fourth quarter and ended the period with about 73.8 million total HBO Max and HBO subscribers globally. The HBO figure came in above the outlook for 70 million to 73 million subscribers that AT&T had offered back in September.
Chief Financial Officer Pascal Desroches plans to present on AT&T’s business during the Citi AppsEconomy conference at 10 a.m. ET.
AT&T shares have lost 12.4% over the past 12 months through Tuesday, while the SPDR Communication Services Select Sector exchange-traded fund XLC,
