AT&T (T) shares rose in premarket trading Monday after the telecommunications giant reported better-than-expected fourth-quarter results. The company reported net income that jumped 70% year-over-year to $4.

Shares of AT&T (NYSE: T) gained nearly 4% on Monday, which was even more impressive given the widespread stock market disruption caused by concerns about Chinese advances in artificial intelligence. AT&T stock was climbing even higher on Tuesday, Jan. 28, and was trading for around $24.40 in the afternoon.

AT&T (T) is seeing a 6% surge in its stock price during midday trading following a strong set of Q4 results, reflecting continued growth in its subscriber base and impressive contributions from its DIRECTV investments.

Telecommunications conglomerate AT&T (NYSE:T) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, but sales were flat year on year at $32.3 billion. Its non-GAAP profit of $0.54 per share was 6.1% above analysts’ consensus estimates.

T-Mobile US exceeded earnings expectations with strong postpaid customer growth and significant service revenue increases.