AT&T's (NYSE: T) stock price tumbled 8% on July 21 after it posted its second-quarter earnings report. On a stand-alone basis -- which excludes its divestments of Warner Bros. Discovery (NASDAQ: WBD), DirecTV, and other business segments over the past year -- its revenue rose 2% year over year to $29.6 billion and exceeded analysts' expectations by $130 million.
On the same stand-alone basis, AT&T's adjusted earnings from continuing operations rose by a penny year over year to $0.65 per share, which also cleared Wall Street's bar by three cents. Those headline numbers looked stable, but a few thorny details in the earnings report spooked the bulls.
Image source: AT&T.
Source Fool.com