Verizon Reports Lower Q3 Revenue as Smartphone Demand Declines

Reported about 1 month ago

Verizon's third quarter results revealed a revenue of $33.33 billion, falling short of the expected $33.45 billion, while adjusted earnings per share slightly exceeded estimates at $1.19. The telecommunications company's performance was impacted by a downturn in smartphone demand, leading to a mixed overall reaction in the market.

Source: YAHOO

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