What's Going On With AT&T Stock? Telecom Adds 997,000 Wireless Customers In Q2
Portfolio Pulse from Henry Khederian
AT&T Inc (NYSE:T) reported fiscal Q2 2024 results with operating revenues of $29.8 billion, slightly missing the $29.9 billion analyst estimate. Despite this, the stock rose by 2% over the past five sessions due to positive factors such as adding 997,000 wireless customers, improved postpaid churn rate, increased adjusted EBITDA, and higher free cash flow.
July 26, 2024 | 4:33 pm
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POSITIVE IMPACT
AT&T reported Q2 2024 results with revenues slightly missing estimates but showed strong customer growth and improved financial metrics. The stock rose 2% over the past five sessions.
The addition of 997,000 wireless customers and improved financial metrics such as higher EBITDA and free cash flow are positive indicators for AT&T. These factors outweigh the slight revenue miss, leading to a 2% rise in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100