Scalper1 News
Verizon Communications’ wireless and landline businesses showed weakness in Q2, sending the telecom firm’s stock down 2.4% Tuesday. Verizon (VZ) also lowered its full-year consolidated revenue forecast to 3% growth from its earlier guidance of 4%, amid intensified wireless competition with AT&T (T), T-Mobile (TMUS) and Sprint (S). A wireless price war has taken a toll industrywide on average monthly revenue per account, or ARPA, a closely watched Scalper1 News
Scalper1 News