The Zhitong Finance App learned that AT&T (T.US) handed over a report card that exceeded expectations amid investors' general anxiety about the potential competitive threat of SpaceX (SPCX.US). For the second quarter ending June 30, the Dallas-based telecom operator added 432,000 new wireless phone subscribers, significantly higher than Wall Street's previous forecast of 325,000. After the financial report was released, AT&T's stock price had risen by about 4% before the market, but the cumulative decline from the beginning of the year to date was about 10%.

The Zhitong Finance App learned that AT&T (T.US) handed over a report card that exceeded expectations amid investors' general anxiety about the potential competitive threat of SpaceX (SPCX.US). For the second quarter ending June 30, the Dallas-based telecom operator added 432,000 new wireless phone subscribers, significantly higher than Wall Street's previous forecast of 325,000. After the financial report was released, AT&T's stock price had risen by about 4% before the market, but the cumulative decline from the beginning of the year to date was about 10%.