Verizon (VZ -2.11%) just reported its earnings for the first quarter of 2025. The telecom company improved its revenue and profits, but not at levels that impressed investors. With that, the stock fell amid higher-than-expected cancellations.Nonetheless, Verizon's long-term problems are likely the issue weighing on its stock performance. Until the company addresses those, the telecom stock is likely to struggle. Here's why.Verizon's Q1 earningsAt first glance, Verizon delivered a stock performance that was ...