US Stock Market News | Q2 Revenue Below Expectations, Verizon Drops 6.5%
On Monday, Verizon's stock price fell, as of the time of publication, the stock dropped by 6.5% to $38.905. Due to a decrease in users upgrading wireless devices, the company's second-quarter revenue was lower than analysts' expectations. The company's total Q2 revenue was $32.8 billion, a year-on-year increase of 0.6%, while analysts' average expectation was $33.1 billion. Non-GAAP earnings per share were $1.15, in line with expectations
According to the information from Zhitong Finance APP, on Monday, Verizon (VZ.US) stock price fell, as of the time of publication, the stock dropped by 6.5% to $38.905. Due to a decrease in users upgrading wireless devices, the company's second-quarter revenue was lower than analysts' expectations. The company's total Q2 revenue was $32.8 billion, a year-on-year increase of 0.6%, while analysts' average expectation was $33.1 billion. Non-GAAP earnings per share were $1.15, in line with expectations