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Weaker than expected from Verizon

Published: 22 July 2024
Weaker than expected from Verizon
Photo: Bebeto Matthews/AP/TT

The USA's largest mobile operator Verizon, with Swedish CEO Hans Vestberg, reports weaker quarterly figures than expected. Revenues amounted to 32.8 billion dollars, which was "only" a one percent improvement compared to the same period last year. It was also lower than analysts' expectations (on average 33.1 billion dollars).

The share also fell by over 3 percent in pre-trading on the New York Stock Exchange, despite 148,000 new mobile customers being added during the quarter, which was more than the expected 118,000 according to Bloomberg's compilation.

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Byย TT.ย This article has been altered and translated by Sweden Herald

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