Skip to main content

Verizon stock price trades modestly lower on revenue decline

By: Invezz

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

The post Verizon stock price trades modestly lower on revenue decline appeared first on Invezz.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.