22/4/2025, 5:40:03 pm

Verizon Stock Sinks as Phone Subscriber Losses Exceed Forecasts

Verizon's stock dropped 3.5% in premarket trading after reporting a larger-than-expected loss of 289,000 phone subscribers, outweighing its Q1 results that topped expectations. The company posted $1.19 EPS and $33.49 billion revenue, beating estimates of $1.15 and $33.33 billion. Verizon maintained its full-year guidance, expressing confidence in meeting its goals despite the subscriber decline.