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Verizon Communications shares fall 3% after Q3 revenue misses estimates

MarketWatch +2 · ·by G4L

VZ Verizon Communications Inc
$46.06 +0.81%
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SPCX +5.81%
  1. 1Verizon Communications shares fell 3% this morning.
  2. 2Verizon's Q3 revenue of $34.3 billion missed expectations.
  3. 3SpaceX's recent entry into the mobile telecommunications market is weighing on the stock price.

So what's the key point?

Verizon Communications' third-quarter revenue was lower than what experts expected. The stock price fell 3% following news of SpaceX entering the market.

Source MarketWatch +2 · View original ↗

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