Yesterday it was AT&T (T) - ຮັບລາຍງານ AT&T Inc; today it’s Verizon (VZ) - ເອົາບົດລາຍງານ Verizon Communications Inc.
The stocks of the country’s two largest telecom companies are uncharacteristically volatile as they report second-quarter earnings.
On Thursday, Verizon shares fell 2.9% in sympathy with AT&T’s earnings selloff. While AT&T beat on earnings expectations, its full-year free cash flow guidance disappointed investors after a trim to $14 billion from $16 billion.
This morning, Verizon delivered its own disappointment as well. The shares are down more than 7% on the report, as earnings missed expectations and the company ຕັດການຄາດຄະເນກໍາໄລຂອງຕົນ.
Source: https://www.thestreet.com/investing/verizon-set-for-worst-week-since-2008-time-to-buy-technical-analysis-july-2022?puc=yahoo&cm_ven=YAHOO&yptr=yahoo