https://finance.yahoo.com/video/verizon-reports-q3-revenue-miss-193307747.html?contentType=VIDEO
VZ, What Happened? ( Stock back to $41 ).
Shares of telecommunications giant Verizon (NYSE:VZ) fell 5.6% in the afternoon session after the company reported third-quarter earnings with revenue falling below analysts' expectations partly due to a decline in wireless equipment sales. Other key metrics were in line to slightly below. Total postpaid phone net additions fell below consensus estimates, highlighting potential concerns about a weak upgrade cycle. There were other concerns, as management added that "growth in phone net additions were offset by reduced FWA (Fixed wireless access) volumes and losses in tablets, wearables, and other connected devices." Overall, this quarter could have been better.