Verizon slumps on warning of softer quarter
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Verizon Communications Inc (NYSE:VZ) shares fell 7% after the company warned of 'soft' subscriber growth in the first quarter, as rival carriers attract customers with promotions.
March 11, 2025 | 2:30 pm
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Verizon's stock dropped 7% following a warning of weaker subscriber growth in Q1, attributed to competitive promotions by rival carriers.
The warning of 'soft' subscriber growth directly impacts Verizon's revenue expectations, leading to a 7% drop in stock price. The competitive pressure from rival carriers' promotions is a significant factor.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100