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📳 AT&T rose 1.20% after beating Q2 profit estimates and reporting a surge in subscribers: 401,000 customers signed up for the telecom company’s discount bundles combining 5G mobile and high-speed fiber internet plans, well above expectations of 303,000. Ma Bell also highlighted how President Trump's new tax laws stand to save the phone firm $6.5 to $8 billion in taxes through 2027, allowing it to pour $3.5 billion into expanding its fiber network.
- EPS: $0.54, a hair higher than the anticipated $0.52
- Revenue: $30.8 billion, better than the $30.49 billion expected
🪄 Hasbro lost 0.94% after its second-quarter earnings report slayed expectations and the toymaker boosted its guidance for the rest of the year. The ace up Hasbro’s sleeve is “Magic: The Gathering,” a collectible card game that’s become an obsession among sorcery fans (including Post Malone and Seth Rogan), amassing $412 million in revenue in Q2, a 23% increase from a year earlier. This goldmine helped offset news of recent layoffs and tariffs on its Chinese imports, although these levies turned out to take a smaller bite than expected, costing a mere $60 million.
- EPS: $1.30, blasting past the anticipated $0.78
- Revenue: $980.8 million, better than $882.1 million forecasts
🧳 Hilton slid 2.63% after reporting a 0.5% drop in RevPar (revenue per available room) due to occupancy declines amid government cutbacks and dwindling check-ins from US-bound international travelers. Nonetheless, the hotelier managed to eke out second-quarter earnings that surpassed analysts’ expectations, and opened 221 new establishments in Q2, including new luxury lodging in Paris, Vienna, and Northern Ireland.—JD
- EPS: $2.20, exceeding estimates of $2.03
- Revenue: $3.14 billion, higher than the $3.1 billion expected