AT&T (NYSE:T) saw its stock rise by over 6% today as it reported third-quarter figures that exceeded expectations. The company posted an adjusted EPS of $0.64, surpassing analyst estimates by $0.02, and its revenue of $30.35 billion slightly exceeded the consensus estimate of $30.2 billion.

AT&T also reported that cash from operating activities for continuing operations in Q3 reached $10.3 billion, marking a $0.2 billion increase compared to the same period in 2022. This growth is attributed to operational expansion and timing of working capital, partly offset by lower receivable sales.

Notably, the third quarter’s free cash flow stood at $5.2 billion, surpassing the expected $4.6 billion.

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