AT&T's Mixed Earnings Results Cause Stock Volatility
AT&T missed analysts' estimates for free cash flow in Q1 2021, reporting $1 billion compared to the predicted $3.02 billion, but remains on track to meet its full-year forecast. The company added 424,000 regular monthly phone subscribers, exceeding analysts' predictions, and signed on 272,000 new fiber subscribers. AT&T's shift to connectivity and capital spending contributed to a dropoff in free cash flow last year.