🔴 AT&T is trading 4% down in pre-market as investors weighed earnings against leverage concerns

AT&T is trading at $21.83, down 4.00%, as investors weigh earnings against leverage concerns following the spectrum acquisition.

• Third-quarter adjusted EPS of $0.65 beat estimates, and 2026 adjusted EPS guidance rose to $2.40.
• Reports also noted elevated debt and competitive risks.
• Broader market signals were mixed and do not clearly explain the move; no trading-volume figure was provided.