US Stock Market Move: AT&T Plunges on October 21 Due to Mexican Business Impairment and GAAP Earnings Pressure
Bitget异动解读2026/10/21 11:30AT&T's Sharp Decline on October 21: Analysis
Keywords: Mexico business impairment, GAAP earnings under pressure
On October 21, AT&T disclosed a $2.6 billion non-cash impairment related to its Mexico wireless business held for sale in the third quarter, with continuing operations' diluted earnings per share at $0.13. Although adjusted earnings per share and revenue surpassed expectations and the company raised its full-year profit guidance, the impairment significantly reduced GAAP profit for the quarter; following the earnings report, the share price fell in pre-market trading.
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