AT&T Gains On More Telecom, Streaming Users, Revised Guidance By Investing.com
By Dhirendra Tripathi Investing.com – AT&T (NYSE:T) stock rose 1.4% in Thursday’s premarket trading as the company notched up solid growth in both telecom and media businesses in the second quarter. Subscribers willing to pay more for its high-speed 5G and HBO Max streaming services boosted the company’s confidence to revise its guidance. The company net added 789,000 postpaid subscribers on its telecom network during the second quarter, more than two-and-a-half times the increase on Verizon’s service. The robust additions reflect consumer demand for better services that support more content and devices. Postpaid phone-only average revenue...
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