On July 22, AT&T Inc rose 5.17% in pre-market trading, trading at $23.4/share, with turnover of $5.3426 million. The surge was driven by stronger-than-expected second-quarter earnings and accelerated shareholder returns.

AT&T reported Q2 adjusted EPS of $0.65, beating the analyst consensus estimate of $0.59 by 10.17%, representing a 20.37% year-over-year increase from $0.54 per share in the same period last year. Wireless postpaid phone net additions reached 432,000, significantly exceeding the market expectation of 325,264. Revenue came in at $31.558 billion, slightly below the $31.804 billion estimate. The company simultaneously reaffirmed its fiscal year and multi-year financial guidance while announcing an acceleration of its stock buyback program, reinforcing confidence in its medium-term growth trajectory.

The robust subscriber momentum and capital return acceleration offset the modest revenue miss, as investors focused on the operational strength in AT&T's core wireless business and improved per-share earnings power.

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