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via economictimes.indiatimes.comMarkets

Verizon shares fall as company expects more postpaid phone subscriber additions this year

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Verizon now expects to add between 1.1 million and 1.2 million postpaid phone subscribers this year compared with earlier projections of 750,000 to 1 million.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA change in subscriber growth guidance can move the shares of a large telecom operator.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Verizon now expects to add between 1.1 and 1.2 million postpaid phone subscribers this year.
  2. 02Earlier projections were between 750,000 and 1 million subscribers.
  3. 03The Verizon share price is falling in the US stock market session.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Verizon Communications Inc.VZStock43.54 USD-0.01%today -2.51%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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