SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Weaker than expected from Verizon

» Published: 22 July 2024

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

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.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

You'll find the cheapest food here
2 MIN READ

You'll find the cheapest food here

China reaches growth target after strong final quarter
2 MIN READ

China reaches growth target after strong final quarter

Down in Japan – up in China
1 MIN READ

Down in Japan – up in China

Upward trend for China's economy
1 MIN READ

Upward trend for China's economy

Down on Wall Street
1 MIN READ

Down on Wall Street

Billion Fines for American Express
1 MIN READ

Billion Fines for American Express

Adviser: Trump wants to save Tiktok
3 MIN READ

Adviser: Trump wants to save Tiktok

Employers want to stop Israel blockade
1 MIN READ

Employers want to stop Israel blockade

Crisis for Vapiano – Applies for Reconstruction
1 MIN READ

Crisis for Vapiano – Applies for Reconstruction

Lagerhaus Applies for Reconstruction
1 MIN READ

Lagerhaus Applies for Reconstruction

Kristersson wants to act against Chinese online companies
1 MIN READ

Kristersson wants to act against Chinese online companies

Nintendo shows the successor to Switch
1 MIN READ

Nintendo shows the successor to Switch

Unexpectedly weak growth for US retail sales
1 MIN READ

Unexpectedly weak growth for US retail sales

New - smaller model - to boost Polestar
1 MIN READ

New - smaller model - to boost Polestar

New strength signals from the US banking sector
2 MIN READ

New strength signals from the US banking sector

Court Approves Plantagen's Reconstruction
1 MIN READ

Court Approves Plantagen's Reconstruction

Hitachi invests in Piteå – 100 new jobs
1 MIN READ

Hitachi invests in Piteå – 100 new jobs

Increased Probability of Interest Rate Cut
1 MIN READ

Increased Probability of Interest Rate Cut

Mass Layoffs at Oil Giant
1 MIN READ

Mass Layoffs at Oil Giant

Northvolt gets reprieve from US court
2 MIN READ

Northvolt gets reprieve from US court