AT&T Shares Fall as Fiber Expansion, Cash Vow, Satellite Strategy Under Scrutiny
AT&T shares fell 0.3% to $24.91 Wednesday, trailing a broader Wall Street rally led by chip stocks. The company reaffirmed its second-quarter free cash flow target of $4.0–$4.5 billion and plans to return over $45 billion to shareholders from 2026 to 2028. CEO John Stankey told investors fiber expansion remains a focus, with 7 million new passings expected this year.