Communications Services Up After AT&T Earnings -- Communications Services Roundup

Dow Jones

01-28

Communications services companies rose after strong AT&T earnings. The company posted better-than-expected earnings, as the number of customers who signed up for its plans over the final quarter of 2024 topped Wall Street estimates. Shares of the cell-phone giant tested highs not seen since before the pandemic.

Universal Music Group rose after the music label said it signed a multiyear agreement for recorded music and music publishing with Spotify.

Shares of companies that provide data-center services plunged amid fears that U.S. corporations will cut back on tech-infrastructure spending following rock-bottom estimates of Chinese expenses building artificial-intelligence models.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

January 27, 2025 17:39 ET (22:39 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The company posted better-than-expected earnings, as the number of customers who signed up for its plans over the final quarter of 2024 topped Wall Street estimates. Shares of the cell-phone giant tested highs not seen since before the pandemic. \n\n\n  Universal Music Group rose after the music label said it signed a multiyear agreement for recorded music and music publishing with Spotify. \n\n\n  Shares of companies that provide data-center services plunged amid fears that U.S. corporations will cut back on tech-infrastructure spending following rock-bottom estimates of Chinese expenses building artificial-intelligence models. \n\n\n  Write to Rob Curran at rob.curran@dowjones.com \n\n\n  (END) Dow Jones Newswires\n\n\n  January 27, 2025 17:39 ET (22:39 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}