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AT&T’s stock pops as the company hits a milestone that matters for investors - MarketWatch

1. AT&T exceeded postpaid subscriber expectations with 324,000 additions this quarter. 2. Company to restart buybacks earlier than planned, investing $20 billion. 3. Revenue reached $30.6 billion, surpassing analyst expectations. 4. Mobility service revenue grew by 4.1%, indicating strong performance. 5. AT&T maintains full-year guidance, including $16 billion in free cash flow.

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FAQ

Why Bullish?

The positive subscriber additions and buyback announcement should support price appreciation. Historical buybacks have often boosted stock prices, indicating strong investor confidence.

How important is it?

Strong subscriber growth and buyback plans signal improving operational strength, likely spurring investor interest.

Why Short Term?

The immediate effects of earnings surprises and buyback plans typically resonate within the next quarter. Future momentum relies on the company's execution and market conditions.

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