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AT&T Beat on Earnings, Announced a $10 Billion Buyback, and Still Trades at 8 Times Earnings With a 4.6% Yield.
The Motley Fool·
AT&T reported strong Q2 earnings with adjusted EPS of $0.65 (up 20% YoY) and announced a $10 billion share buyback increase. The company added 432,000 postpaid phone subscribers and 646,000 internet customers, with fiber expansion driving margin expansion. Trading at 8x earnings with a 4.6% dividend yield, the stock offers reasonable value for income investors, though slow 2% revenue growth remains a concern.
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