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Verizon Stock Falls Despite Earnings, Revenue Beat
Schaeffers Investment Research· 2025-04-22 22:21
Verizon Communications Inc. (NYSE:VZ) stock is down 2.4% to trade at $41.92, after reporting first-quarter adjusted earnings of $1.19 per share on $33.49 billion in revenue -- both topping analyst estimates. However, the telecom giant also reported a larger-than-expected loss of 289,000 postpaid net phone subscribers, compared to the 197,000 decline analysts anticipated. The company cited inflationary pressures as a possible factor behind the cancelations but reaffirmed its full-year guidance.From a technic ...