Verizon Stock Didn't Deserve the Battering It Just Took
Verizon(VZ) The Motley Fool·2024-07-27 15:30
Investors shouldn't be too quick to punish a company if it whiffs on an analyst estimate.Talk about a bad case of the Mondays. The stock of seemingly mighty telecom-sector incumbent Verizon Communications (VZ 0.35%) took quite the drubbing as this trading week kicked off, at one point falling by more than 6% in value during the day.That was a reaction to the company's latest earnings release, which in fact was notably better than the widespread sell-off would indicate.A second-quarter miss that hurtVerizon' ...