AT&T shares drop more than 7%; cash flow outlook takes shine off of upbeat earnings

Jul. 21, 2022 5:39 PM ETAT&T Inc. (T)By: Chris Ciaccia, SA News Editor159 Comments

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AT&T (NYSE:T) shares fell more than 7% Thursday as investors' displeasure over the telecom giant's disappointing free cash flow forecast outweighed any enthusiasm that might have come from its better-than-expected second-quarter results.

Before U.S. stock markets opened, Dallas-based AT&T (

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