AT&T Stock Up 6% Despite $1.6 Billion COVID-19 Impact at WarnerMedia

Overall, the pandemic put a nearly $2 billion financial drag on AT&T’s third quarter

Despite WarnerMedia taking a $1.6 billion hit due to the coronavirus pandemic, investors weren’t scared away from AT&T. The company’s stock has been up in the hours since the telecom giant released its third-quarter earnings Thursday morning.

AT&T is currently trading at $28.28 per share (as of 2 p.m. ET) on the New York Stock Exchange, a nearly 6% increase from where it opened. It got as high as $28.48 earlier in the day.

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Tim Baysinger

TV reporter • • Twitter: @tim_bays