Why AT&T Stock Jumped Today

Core Insights - AT&T stock increased by 1.6% during Monday's trading session, outperforming the S&P 500 and Nasdaq indices which gained 0.1% and 0.3% respectively [1] - The rise in AT&T's stock was influenced by positive earnings results from its main competitor, Verizon, which reported better-than-expected Q2 results [2][4] Company Performance - Verizon's Q2 results included non-GAAP earnings per share (EPS) of $1.22 on revenue of $34.5 billion, exceeding Wall Street's expectations of $1.19 EPS on $33.79 billion revenue [4] - Verizon's sales grew by 5% year over year, which was interpreted positively by investors for the telecom sector, including AT&T [4] Future Expectations - AT&T is set to release its own Q2 results soon, with expectations heightened due to Verizon's performance [5] - Analysts project AT&T will report an EPS of $0.51 on sales of $30.53 billion, indicating a 10.5% decline in EPS but a 2.5% increase in revenue [6] - These projections were made prior to Verizon's Q2 report, suggesting that AT&T's results may also exceed market expectations [6]