Business

AT&T Stock Marks Best Day Since Early Pandemic

October 24, 2022

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Updated Oct. 20, 2022 11:12 am ET / Original Oct. 20, 2022 6:30 am ET

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AT&T beat both sales and earnings metrics for the third quarter and raised its forecast for profit.

The telecom giant also said it is “confident in [its] ability” to deliver the previously estimated $14 billion in free cash flow for full-year 2022. That means AT&T (ticker: T) should have ample cash to support its dividend and for debt repayment despite the costs of higher interest rates.

AT&T Stock Marks Best Day Since Early Pandemic After Affirming Cash Flow Forecast

AT&T beat both sales and earnings metrics for the third quarter and raised its forecast for profit.

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