Why AT&T Stock Popped Today
Shares of AT&T (NYSE: T) jumped 4% on Thursday, following the release of the telecommunications titan's first-quarter earnings results.
AT&T added 691,000 net postpaid phone customers, who subscribe to monthly bills and are typically the most profitable accounts for wireless service providers. The telecom giant also gained 113,000 prepaid phone customers.
Better still, AT&T is doing an excellent job of retaining its existing clients. Its postpaid phone churn rate checked in at an impressive 0.79%.
Source Fool.com