Why AT&T Surged Despite A Mixed Q2 2024 Earnings Report

jetcityimageAT&T's stock (NYSE:T) has been on a consistent uptrend this year, albeit trailing the broader S&P 500 (SP500) index. And the company’s latest earnings results, which highlight resilient service revenue growth – particularly postpaid phone and fiber uptake – continues to provide tangible fundamental support to its persistent valuation upsurge. Despite its slight revenue miss, AT&T has continued to deliver substantial net adds across its core postpaid phone and fiber businesses, while benefitt ...