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Tuesday 18th of March 2025 21:45:16

AT&T (T) Stock Moves 8.2%: What You Should Know

AT&T Inc. (T) shares surged 8.2% last week, closing at $33.45 on Friday. The stock's impressive run-up comes as investors reacted positively to the telecom giant's Q4 2022 earnings report.

AT&T's Q4 2022 earnings per share (EPS) of $0.34 beat the Zacks Consensus Estimate of $0.24. The company's revenue of $43.6 billion also surpassed the consensus mark of $42.3 billion.

The strong earnings report was driven by growth in AT&T's wireless business, which saw a 5.4% increase in service revenues. The company's WarnerMedia division also reported a 10.4% increase in revenue.

Looking ahead, AT&T expects its 2023 adjusted EPS to be in the range of $2.40 to $2.60, which is above the Zacks Consensus Estimate of $2.35. The company also expects its 2023 free cash flow to be in the range of $12.5 billion to $13.5 billion.

The strong earnings report and guidance have boosted investor confidence in AT&T, leading to the stock's significant price increase last week. The 8.2% gain is a significant move, and investors will be watching to see if the stock can continue its upward momentum in the coming weeks.