Markets
markets
Jon Keegan

AT&T up on solid earnings

AT&T stock was up about 4% in premarket trading, after delivering solid Q1 2025 earnings right in line with analysts’ expectations.

Revenue for the quarter was $30.6 billion, up 2% year on year. Adjusted earnings per share were $0.51, matching analyst expectations.

Net income was $4.7 billion, a 25% year-on-year gain.

The company saw 324,000 postpaid phone net additions (new monthly subscriptions, minus lost customers) for the quarter. Mobility service revenue was $16.7 billion, up 4.1% year on year.

Consumer fiber broadband revenues were up 19% year on year to $2.1 billion. The company added 261,000 new fiber subscribers.

AT&T plans on a share buyback in Q2 “in the 2.5x range,” according to the earnings release.

More Markets

See all Markets
markets

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

Latest Stories

Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.