[AT&T beat on subscriber growth and free cash flow](https://www.marketwatch.com/story/at-ts-stock-rises-after-earnings-heres-why-investors-are-cheering-41508d59?mod=mw_rss_topstories)—the headline screams durability. But here's what the data actually shows: AT&T generated $2.7B in free cash flow and $0.54 EPS in the most recent quarter, with $31.5B in quarterly revenue.

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