Why AT&T Stock Popped Today
Shares of AT&T (NYSE: T) climbed on Friday after the telecommunications leader delivered surprisingly strong first-quarter results. As of 1:45 p.m. EDT, AT&T's stock price was up nearly 4%.
AT&T's revenue rose 2.7% year over year to $43.9 billion, besting Wall Street's expectations for revenue of $42.7 billion. Wireless, high-speed internet, and streaming subscriber gains all contributed to the media conglomerate's growth.
"We continued to excel in growing customer relationships in our market focus areas of mobility, fiber, and HBO Max," CEO John Stankey said in a press release.
Source Fool.com
