Why AT&T Stock Ticked Up Today [Yahoo! Finance]
AT&T Inc. (T)
Last at&t inc. earnings: 4/22 06:54 am
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Source: Yahoo! Finance
As a result, the telecom stock was up 2% as of 1:12 p.m. ET after gaining as much as 3.2% earlier in the session. AT&T is on the mend The first-quarter results show AT&T fulfilling its promise of focusing on its core telecom business and avoiding distractions like the media mergers that have crushed the stock over the last decade, and its performance in the quarter was solid. Revenue in the quarter was $30 billion, ticking down by 0.4% as a decline in equipment and wireline revenue offset 3.3% growth in the mobility service revenue to $16 billion. However, the overall revenue number was well ahead of estimates at $28.7 billion. AT&T also reported 348,000 net new monthly paid phone customers, easily beating rival Verizon Communications , which posted a decline in subscribers in that key category. AT&T also said its postpaid phone churn was down to 0.72%, which it believed was the best in the industry. The company continued to grow its broadband business with 252,000 AT&T Fib
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T
Earnings
- 4/24/24 - Beat
T
Sec Filings
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- T's page on the SEC website