Weaker than expected from Verizon
Photo: Bebeto Matthews/AP/TT

Weaker than expected from Verizon

The USA's largest mobile operator Verizon, with Swedish CEO Hans Vestberg, reports weaker quarterly figures than expected. Revenues amounted to 32.8 billion dollars, which was "only" a one percent improvement compared to the same period last year. It was also lower than analysts' expectations (on average 33.1 billion dollars).

The share also fell by over 3 percent in pre-trading on the New York Stock Exchange, despite 148,000 new mobile customers being added during the quarter, which was more than the expected 118,000 according to Bloomberg's compilation.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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