5 Stocks in Focus After Releasing Their Earnings Reports

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

Number of Hedge Fund Holders: 68

AT&T Inc. (NYSE:T) recently announced mixed financial results for the third quarter. The telecommunications giant reported adjusted earnings of 87 cents per share, up from 76 cents per share in the same period last year.

Revenue came in at $39.9 billion, compared to $42.3 billion in the year-ago quarter. Analysts were expecting AT&T Inc. (NYSE:T) to report earnings of 78 cents per share on revenue of $40.6 billion.

If we compare the performance of key segments, mobility revenue rose seven percent to $19.1 billion, and WarnerMedia revenue jumped 14.2 percent to $8.4 billion. In comparison, business wireline revenue fell 5.2 percent to $5.9 billion, while consumer wireline revenue increased 3.4 percent to $3.1 billion.

In addition, AT&T Inc. (NYSE:T) announced that it added 928,000 new phone subscribers in the quarter, beating expectations of 560,000. Moreover, total subscribers for both HBO and HBO Max increased by 1.9 million to 69.4 million versus the prior quarter.