Verizon Stock Slides After Revenue Misses Expectations

Verizon Communications boosted quarterly revenue but reported a significant drop in prepaid wireless customers after a public assistance program expired. Revenue ticked up to $32.8 billion, missing analyst projections. The shares fell about 6%.

Verizon Communications boosted quarterly revenue but reported a significant drop in prepaid wireless customers after a public assistance program expired. Revenue ticked up to $32.8 billion, missing analyst projections. The shares fell about 6%.