Why AT&T Stock Lagged the Market Today

The stock market was in rally mode on Wednesday, but you wouldn't know it from AT&T's (NYSE: T) performance. Investors reacted to the company's latest set of quarterly earnings but traded the stock up less than 1%, while the fiery S&P 500 index notched a nearly 2% Hump Day gain.AT&T's first quarter saw the incumbent telecom earn $30.6 billion in revenue, up 2% from the same period of 2024. The company attributed this to higher take for its mobility and consumer wireline segments, offset by drops in its business wireline and Mexico business. The latter, it said, was affected by foreign exchange movements. On the bottom line, net income according to GAAP standards leaped 25% higher to almost $4.7 billion. On a non-GAAP (adjusted), per-share basis AT&T's profitability was $0.51, again an improvement (first-quarter 2024 result: $0.47). Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool