Verizon calls out a more competitive wireless industry, and that’s weighing on its shares, as well as those of its peers
Last Updated: March 11, 2025 at 10:37 a.m. ET
First Published: March 11, 2025 at 9:58 a.m. ET
Verizon Communications Inc. sees a more competitive wireless environment this quarter, and that’s weighing on its stock on Tuesday.
Shares of Verizon VZ are off 7% in morning action after its chief revenue officer acknowledged “a challenging quarter from a competitive intensity standpoint” at a Deutsche Bank investor conference, according to a FactSet transcript. That generally refers to moves made by industry players to win new business or retain customers.
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