Verizon (VZ) loses again…

July 23, 2024•1 min read

Verizon is the company that can’t get out of their own way.

On Monday the company announced quarterly results… missing analyst estimates for revenue… while beating estimates for EPS.

Here’s the ugly part - both revenue and net income were down when compared to last year.

Management confirmed guidance… but apparently nobody liked it.

The stock is plummeting - and is the second largest loser in the Market on Monday.

Here’s the earnings release.

The stock pays a fat dividend of $2.66 per share… and the current yield is almost 7%.

It makes Verizon a really interesting investment at this point.

Are you a seller or a buyer of VERIZON based on this news?

Ross Stuart