AT&T's Stock Soars, Approaching Historic Highs
AT&T's Stock Climbing Towards New Heights
AT&T Inc. shares are cruising in the wake of earnings, as they head toward levels not seen since May 2021. The telecommunications stock recently changed hands at $22.48, up 4.5%. That would mark its highest close since May 21, 2021, when it finished at $22.66, according to Dow Jones Market Data.
Earnings Report Highlights
While the company took a $4 billion charge related to its business-wireline segment, AT&T's report brought other positives, including beats on free cash flow and postpaid phone subscriber additions. These indicators depict a company not only resilient but also responsive to market opportunities.
- Charge of $4 billion-plus in wireline segment
- Free cash flow exceeded expectations
- Positive subscriber growth in postpaid segment
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