AT&T shares soared 5%，beats Earnings Forecast

AT&T shares soared 5% today,as beats Earnings Forecast.

AT&T Inc (T) -Get Report posted stronger-than-expected first quarter earnings Thursday as its HBO Max streaming service added more subscribers and wireless additions more than doubled Wall Street forecasts.

AT&T said adjusted earnings for the three months ending in March were pegged at 86 cents per share, up 2.4% from the same period last year and 8 cents ahead of the Street consensus forecast. Group revenues, the company said, rose 2.7% to $43.9 billion, a figure that beat analysts' estimates of a $42.4 billion tally.

AT&T said it added 2.7 million U.S. subscribers to its HBO Max streaming service, taking the quarter-end total to 44.2 million -- and 64 million worldwide -- as it continues to challenge its larger rival Netflix (NFLX) -Get Report for new additions.