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AT&T shares sink after company posts softer than expected revenue, cash flow

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AT&T shares fall 10% after company posts softer than expected revenue, cash flow

AT&T shares declined after the company's revenue came up short of Wall Street's expectations.

The company added 424,000 postpaid phone plans, which represents the amount of businesses and individual consumers that pay their bills at the end of each month.That matched Wall Street expectations but it marked a dip compared to AT&T's previous numbers, especially earlier in the pandemic. In theInvestors look to postpaid phone numbers to measure the overall well-being of wireless companies' profit centers.

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Unfortunately media is focussed on Elon musk who is doing all right things Vs $T CEOs who took home 50m salary this year for doing nothing !!

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