verizon-cuts-2022-guidance-on-slower-wireless-growth

Verizon Cuts 2022 Guidance on Slower Wireless Growth

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https://www.barrons.com/articles/verizon-earnings-guidance-51658490741


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Verizon Communications


posted second-quarter earnings that were mainly in line with expectations, but lowered guidance for fiscal 2022.



T


he telecommunication giant’s reduced guidance helped bolster the bearish thesis on the stock, and dragged the shares down 5% to $45.24 in premarket trading on Friday.