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Benzinga
Benzinga
Business
Melanie Schaffer

AT&T Stock Surges After Q3 Print: What To Watch With Verizon Earnings Coming Friday

ATT Verizon NYSE

AT&T, Inc (NYSE:T) gapped up and surged over 10% higher at one point Thursday after printing a third-quarter earnings beat.

For the third quarter, AT&T reported revenue of $29.64 billion, which beat the $29.56-billion consensus estimate. The company reported earnings per share of 68 cents, beating a consensus estimate of 61 cents. Wireless service revenues were up 5.6%, while broadband revenues were up 6.1% year-over-year.

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