Verizon Drops On Customer Losses and Lagging Revenue
- Company on track to meet guidance and add customers, CEO says
- No. 1 US wireless carrier wields pricing, perks in growth bid
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Verizon Communications Inc. shares dropped on Monday after the company reported continued customer losses and lagging revenue.
Free cash flow also fell short of analysts’ expectations, even as the largest US retail wireless provider said more people were choosing premium phone plans.