Here’s why the BT Group share price popped after earnings today — TradingView News
BT Group share price rose by over 3% on Thursday after the company published its financial results. It rose to 210p, its highest level since September last year, and ~180% above its lowest level during the pandemic.
BT Group’s earnings download
The main catalyst for the ongoing BT Group share price is that its business continued to make some modest improvements. Its FTTP premises jumped to over 21.4 million, with the management hoping that the number will jump to 25 million by the end of the year.
Openreach business continued growing, with the connected premises jumping to 8.2 million. At the same time, its Openreach broadband lines lost 210k during the quarter, with the full year losses rising to 850k, better than the previous guidance.
