AT&T Q3 Earnings: A Good Quarter, But There Are Caveats

Summary:

  • On the surface, AT&T Inc. reported a mixed quarter, with a slight miss on revenue and a marginal beat on earnings.
  • The quarter, however, showed some operational progress being made, and this is likely to support the share price in the near term.
  • Long-term investors, however, should not get carried away by the current optimism around the stock as more progress is needed.

AT&T Store New York City

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AT&T Q3 Earnings Review

After Verizon Communications Inc. (VZ) reported its third quarter results yesterday and the stock fell by more than 5% on the day, the share price response to AT&T Inc.’s (NYSE:T


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