Why AT&T Stock Plunged Today
Shares of AT&T (NYSE: T) fell 7.6% on Thursday after the telecom giant slashed its full-year cash flow forecast.
AT&T added a better-than-expected 813,000 net postpaid phone customers in the second quarter. These people pay monthly bills and are generally the most sought-after accounts for wireless companies. AT&T also added 196,000 prepaid phone customers.
AT&T's broadband internet business was another bright spot. AT&T Fiber gained 316,000 net subscribers during the quarter.
Source Fool.com
