Shares of Verizon (NYSE:VZ) are trading around 0.5% lower in New York today after the company reported a drop in revenue and monthly subscribers for the first quarter. Fundamental analysis: Verizon tops earnings, misses on revenue Verizon reported that it earned $1.26 per share in the first quarter, above analysts’ average estimate of $1.22. Overall, the profits declined 17.4% from the same period last year as there were less purchases amid the COVID-19 outbreak. “Verizon began 2020 with strong operational performance,” said Chairman and CEO Hans Vestberg. The wireless carrier believes that the COVID-19 outbreak reduced the company’s profit by
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