AT&T’s stock rises after the company reports second-quarter results that top expectations on subscriber growth and earnings. Multiple outlets report that AT&T beats analyst estimates for adjusted earnings per share, with adjusted EPS of $0.65 versus expectations of $0.59. The company’s performance is supported by gains in wireless and internet subscribers. Quartz and Yahoo Finance both report that postpaid phone and internet additions exceed estimates, helping drive revenue and overall results. MarketWatch adds that AT&T’s free cash flow and profit also come in stronger than expected, contributing to investor enthusiasm.
While results are viewed positively, at least one outlet characterizes the revenue picture as lighter than ideal. Overall, the reporting converges on the same core theme: AT&T’s subscriber momentum improves the quarter’s outcomes, and the earnings beat—along with higher free cash flow and profit—supports the market reaction.
