AT&T (T) Tops Q2 Earnings, Launches $10B Share Repurchase Program
What happened
AT&T reported second-quarter results that came in ahead of expectations on the earnings line. The company simultaneously announced a $10 billion share repurchase program. Shares currently trade at approximately 8 times earnings. The stock carries a dividend yield of roughly 4.6%. Management paired the buyback announcement with the quarterly beat, signaling confidence in cash generation.
The QL Read
Despite a broad risk-on tape — 76% of issues advancing and 118 Strong Buy signals market-wide — T's composite score sits at a neutral 44/100, and shares are down 0.50% on the session, suggesting the earnings beat and buyback have not yet shifted near-term momentum for the stock.
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