Reported about 12 hours ago
Verizon Communications has projected annual free cash flow and profits to be below Wall Street expectations, attributing this to significant investments in 5G expansion amidst a saturated wireless market. The company plans to enhance its high-speed internet services and aims to double subscribers for its fixed wireless service by 2028. Despite a strong increase in wireless subscribers and higher overall revenue, forecasts for adjusted profit growth remain modest, with anticipated free cash flow also falling short of analyst estimates.
Source: YAHOO