AT&T lifts annual free cash flow target, tops subscriber additions estimates

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AT&T lifts annual free cash flow target, tops subscriber additions estimates
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- Wireless carrier AT&T raised its annual free cash flow forecast on Thursday as its quarterly subscriber additions trounced estimates on the back of promotions and phone upgrades.

AT&T has in recent months tried to stand out in the competitive U.S. market with offers, including a hefty discount on the iPhone 15 series that some analysts consider to be one of the most aggressive in the industry. It added 468,000 net monthly bill-paying wireless phone subscribers in the third quarter ended September, surpassing expectations for 398,200 additions, according to Factset.The company also raised its expectations for full-year adjusted core earnings growth to more than 4%, from prior expectations of 3% or more.

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