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AT&T CEO explains why AT&T can withstand satellite competition

AT&T reports strong Q2 earnings and a $10 billion buyback while the CEO addresses the company's resilience against satellite competition.

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The brief

AT&T has reported earnings that beat expectations for the second quarter. Along with these results, the company announced a $10 billion buyback program.

Coverage from The Motley Fool, Yahoo Finance, and thestreet.com highlights the company's current valuation—trading at 8 times earnings with a 4.6% yield—and the CEO's assertions regarding the company's ability to withstand satellite competition. Future attention is focused on whether these financial results and buybacks necessitate investor action and the potential risks facing the company's stock, as noted by Trefis.

Synthesized by Archynetys from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated just now.

Quick answers

What was the size of AT&T's announced buyback?

The company announced a $10 billion buyback.

How did AT&T perform in its most recent earnings report?

According to coverage, AT&T beat on earnings for Q2.

What is the current yield for AT&T stock according to The Motley Fool?

The yield is reported at 4.6%.

Coverage (4)

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