$T As A Standalone Pure Play - Subscribers UP

Barron’s headline: AT&T Stock Drops Despite Adding Subscribers. Here’s Why.

By Nicholas Jasinski
Updated July 21, 2022 10:41 am ET / Original July 21, 2022 7:01 am ET

https://archive.ph/boANZ

In its first three months as a telecom pureplay in years, AT&T showed big subscriber growth from the year-ago period but fell flat on its free cash flow generation and took down guidance for the full year. That wasn’t positively received by the company’s dividend-focused shareholder base.

Also, the new-look AT&T (ticker: T) added more wireless and fiber subscribers than expected, paid down debt, and continued to invest in fiber and 5G—while beginning to feel the impact of a slowing economy.

The stock was down about 9% in Thursday morning trading.

$T daily chart shows it was down -7.62% eod.

https://schrts.co/CXWRWddY

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