Should I Buy AT&T After a Disappointing Earnings Report?
AT&T's (NYSE: T) stock price fell 8% following its second-quarter earnings report. The Dallas-based communications giant benefited from solid customer growth, but investors sold as its free cash flow fell considerably.
The fact that Verizon Communications (NYSE: VZ) and T-Mobile (NASDAQ: TMUS) are its only 5G competitors brings a high level of stability for customers. However, with this stability not extending to its stockholders, one has to question whether investors should own AT&T stock.
AT&T posted operating revenue of $29.6 billion. This figure rises 2.2% when one excludes the impact of its recently divested businesses. The company's operating income came in at an adjusted $5.9 billion, up 4% from $5.7 billion in the year-ago quarter when accounting for the divestitures.
Source Fool.com
