Why AT&T Stock Bumped Higher Today
AT (NYSE: T) released its latest set of quarterly results Wednesday morning. While these weren't strong enough to bring the bulls charging into the stock, they were nevertheless pleasing for investors. Collectively, the market bid up AT's share price by more than 1% in reaction, edging slightly past the S 500 index's 0.8% increase that trading session.
For its second quarter, AT's total revenue came in AT $30.8 billion, which was 3.5% higher on a year-over-year basis. The improvement in generally accepted accounting principles (GAAP) net income was more pronounced, as the telecom sector incumbent earned $4.5 billion in net income from $3.5 billion in the year-ago period. Its non-GAAP (adjusted), per-share net income also rose to $0.54 per share from Q2 2024's $0.51.
Image source: Getty Images.
Source Fool.com
