Verizon pulls 2020 revenue view as lockdowns result in wireless subscriber loss

Analysts expected Verizon to gain just 100 subscribers in the quarter ended March 31, according to research firm FactSet. The company also cut its full-year adjusted earnings per share outlook to between a growth of 2% and a fall of 2%. In the first quarter, Verizon’s earned $1.26 per share, above analysts’ average estimate of $1.22, according to IBES data from Refinitiv. …read more

Source:: Yahoo Finance

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