AT&T stock drops as Q1 wireless service revenue falls short of some analyst estimates
What happened: AT&T (T) stock sank more than 3% on Wednesday. What’s behind the stock move: The wireless provider posted better-than-expected revenue and profit in the first quarter as it leaned into its strategy of selling customers Internet and phone service bundled together. But wireless service revenue, which grew less than 2% year on year to roughly $16.94 billion, came in light of expectations. JPMorgan analysts said they expected $17.02 billion. What else you need to know: AT&T has been expanding i ...