AT&T Inc. (NYSE:T) shares are trading higher by 2.8% to $15.37 Tuesday morning in sympathy with peer telecommunications company Verizon Communications Inc. (NYSE:VZ) after the company reported better-than-expected third-quarter financial results and issued guidance.
AT&T shares also gained last week after the company reported better-than-expected third-quarter financial results.
What Happened With Verizon?
Verizon’s sales decreased by 2.6% year-on-year to $33.34 billion, surpassing the expected consensus of $33.25 billion. Their adjusted EPS stood at $1.22, exceeding the consensus of $1.18.
Additionally, the company saw positive trends with 100,000 postpaid phone net additions and 581,000 retail postpaid net additions. Notably, they added 434,000 broadband subscribers, indicating strong demand for fixed wireless and Fios products…Read More
According to data from Benzinga Pro, AT&T has a 52-week high of $21.53 and a 52-week low of $13.43.
