T beats on subscribers, misses on revenue

What happened: AT&T (NYSE:T) reported Q2 results on July 22. Despite missing revenue estimates with $31.6 billion, the company beat on subscribers, adding 792,000 wireless net adds, and showed strong cash flow. Shares rallied 3.50% on high trading volume (177.6 million shares).

Market impact: The results calmed investor concerns about competition from satellite-based communication providers like SpaceX. The telecom sector saw a repricing, with AT&T's stock outperforming peers.

What to watch next: AT&T's Q3 earnings on October 22 will provide further insight into subscriber growth and cash flow trends. Additionally, regulatory decisions on the C-band spectrum, crucial for 5G deployment, will impact AT&T's network expansion plans.