AT&T Stock Marks Best Day Since Early Pandemic

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AT&T Stock Marks Best Day Since Early Pandemic

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AT&T Stock Rallies After Topping Earnings Estimates | Barron’s 1)},N(!0))}},{}],5:[function(t,e,n){function r(){var t=new PerformanceObserver(function(t,e){var n=t.getEntries();s(v,[n])});try{t.observe({entryTypes:[“resource”]})}catch(e){}}function o(t){if(s(v,[window.performance.getEntriesByType(w)]),window.performance[“c”+p])try{window.performance[h](m,o,!1)}catch(t){}else try{window.performance[h](“webkit”+m,o,!1)}catch(t){}}function i(t){}if(window.performance&&window.performance.timing&&window.performance.getEntriesByType){var a=t(“ee”),s=t(“handle”),c=t(14),f=t(13),u=t(6),d=t(23),p=”learResourceTimings”,l=”addEventListener”,h=”removeEventListener”,m=”resourcetimingbufferfull”,v=”bstResource”,w=”resource”,g=”-start”,y=”-end”,x=”fn”+g,b=”fn”+y,E=”bstTimer”,R=”pushState”,O=t(“loader”);if(!O.disabled){O.features.stn=!0,t(9),”addEventListener”in window&&t(7);var T=NREUM.o.EV;a.on(x,function(t,e){var n=t[0];n instanceof T&&(this.bstStart=O.now())}),a.on(b,function(t,e){var n=t[0];n 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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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