Shares of AT (NYSE: T) were moving higher today. Investors applauded its latest quarterly results as the telecom giant easily beat expectations on the top and bottom lines.

As a result, the telecom stock was up 2% as of 1:12 p.m. ET after gaining as much as 3.2% earlier in the session.

The first-quarter results show AT fulfilling its promise of focusing on its core telecom business and avoiding distractions like the media mergers that have crushed the stock over the last decade, and its performance in the quarter was solid.

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Source Fool.com