Friday, April 24, 2020

Verizon Q1 Profit Tops View, But Revenues Miss; Cuts 2020 Profit Outlook

Verizon Communications Inc. (VZ) on Friday reported a 17.4 percent decline in profit for the first-quarter from last year. Quarterly operating revenues also decreased 1.6 percent. The company cut 2020 earnings outlook and withdrew revenue guidance as the coronavirus pandemic impacted its businesses.

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