5 Stocks Catching Investors’ Eyes After Earnings Reports

1. AT&T Inc. (NYSE:T)

Number of Hedge Fund Holders: 70

Shares of AT&T Inc. (NYSE:T) rose over four percent on Thursday, April 21, 2022, after its first-quarter results surpassed expectations. The latest performance was partly attributed to the aggressive expansion of its 5G services.

AT&T Inc. (NYSE:T) earned 77 cents per share on an adjusted basis, compared to 85 cents per share in the comparable period of 2021. Revenue came in at $38.1 billion, representing a drop of 13.3 percent on a year-over-year basis. Nevertheless, the results exceeded the consensus of 59 cents per share for earnings and $29.53 billion for revenue.

Among other updates, AT&T Inc. (NYSE:T) reported that it added 691,000 postpaid subscribers during the quarter. In addition, total HBO Max and HBO subscribers for the quarter increased by 12.8 million over the same period last year.

Speaking on the results, CEO John Stankey said:

“Our momentum in growing customer relationships is reaching historical levels. We had our best first quarter for postpaid phone net adds in more than a decade and our fiber broadband net adds remain consistently strong. Our results, including free cash flow, are in line with our expectations toward delivering on the full-year guidance provided at our recent Analyst Day.”

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