Verizon Stock Sinks as Phone Subscriber Losses Exceed Forecasts
1. Verizon's stock fell due to a larger-than-expected loss in phone subscribers. 2. Q1 results showed adjusted EPS of $1.19, beating expectations. 3. Verizon lost 289,000 retail postpaid phone subscribers versus an expected loss of 218,000. 4. The company anticipates 2% to 2.8% growth in wireless service revenue this year. 5. Despite challenges, Verizon affirmed its full-year guidance with confidence.