09:18 AM EST, 01/27/2025 (MT Newswires) -- AT&T ( T ) reported better-than-expected fourth-quarter results on Monday while the telecommunications giant reiterated its full-year earnings outlook.

Adjusted earnings came in at $0.54 a share for the December quarter, unchanged from a year before, topping the FactSet-polled consensus of $0.50. Operating revenue edged up 0.9% year over year to $32.3 billion, ahead of the Street's view for $32.02 billion. The stock rose 3.4% in premarket activity

"The strong results this quarter are the result of a four-plus-year period of hard work and consistent execution by our teams, which has positioned us well for a new era of growth," Chief Executive John Stankey said in a statement. "We ended 2024 with strong momentum."

For 2025, AT&T ( T ) reaffirmed its outlook range provided in December for adjusted EPS of $1.97 to $2.07, excluding DirecTV, while the average analyst estimate is for $2.16. In the previous year, adjusted EPS excluding DirecTV came in at $1.95.

Communications revenue grew 1.1% to $31.14 billion in the fourth quarter as growth in mobility and consumer wireline helped offset a 10% decline in business wireline. Within mobility, service and equipment revenue advanced 3.3% each amid subscriber gains and sales of higher-priced phones, respectively. Consumer wireline sales inclined 3.4% to $3.47 billion, boosted by broadband revenue.

In mobility, wireless net additions were 1.8 million, including 839,000 postpaid additions and 119,000 prepaid phone losses. AT&T ( T ) added 482,000 net postpaid phone subscribers in the quarter, down from 526,000 last year.

Operating expenses rose to $26.97 billion from $26.75 billion last year, mainly due to the company's open radio access network modernization efforts, as well as its continuous fiber investment and network upgrades.

The company expects mobility service revenue to increase at the higher end of its 2% to 3% growth range for 2025. It continues to expect low-single-digit growth in service revenue and mid-teens growth in consumer fiber broadband.