Stock Market Today, July 22: AT&T Beats Earnings on Strong Wireless Subscriber Growth
On July 22, 2026, the carrier topped EPS estimates and posted wireless additions above targets, fueled by unlimited plans and bundled offers.
Overview
AT&T (NYSE:T), a nationwide wireless and broadband carrier, closed at $23.04, up 3.50%. Earnings and subscriber growth data beat estimates, even as revenue missed expectations.
Trading volume reached 177.6 million shares, coming in about triple its three-month average of 57.9 million shares.
The S&P 500 (SNPINDEX:^GSPC) fell 0.13% to 7,499, while the Nasdaq Composite (NASDAQINDEX:^IXIC) declined 0.57% to 25,691. Among U.S. wireless telecommunications services peers, Verizon Communications (NYSE:VZ) rose 1.16% to $44.29, while T-Mobile US (NASDAQ:TMUS) was little changed, edging down 0.09% to $190.94.
Details
Investors cheered AT&T’s results despite a slight revenue miss. More important was strong subscriber growth, especially as investors eyed the upcoming initial quarterly report from Space Exploration Technologies (NASDAQ:SPCX).
Source
Originally published at www.fool.com.