Why Verizon Shares Are Falling


Verizon Communications Inc. VZ shares are trading 4.23% lower at $49.72 after Goldman Sachs downgraded the stock’s value from Buy to Neutral.

Verizon last week reported adjusted earnings per share for the first quarter of $1.35, which was in line with analysts’ consensus estimate. The company reported revenue of $33.60 billion, which beat analysts’ consensus estimate of $33.54 billion. Verizon also sees its adjusted EPS guidance for FY22 at the lower end of the previously issued $5.40-$5.55 range.

See also: Why Axsome Therapeutics Stock Is Dropping Today

Verizon provides communications, technology, information and entertainment products and services to consumers, businesses and government agencies around the world.

According to data from Benzinga Pro, Verizon has a 52-week high of $59.85 and a 52-week low of $49.68.

This post Why Verizon Shares Are Falling was original published at “https://www.benzinga.com/markets/cryptocurrency/22/04/26792705/why-verizon-shares-are-falling”


Please enter your comment!
Please enter your name here