Verizon to investors amid workers strike: Pressure is on earnings
- 8 years ago
Verizon has reacted to the recent strike by 39,000 of its employees, warning investors about the pressure now on their second-quarter earnings.
Shares of the company’s stock have slid 2.6 percent to $50.41 early Thursday morning.
The warning overshadows what has been an otherwise profitable year for Verizon as they added 640,000 new customers and met analysts’ profit estimates for the first quarter.
Verizon stock has climbed 12 percent this year through Wednesday, before the company took a hard stance against two of its labor unions, who are facing job cuts.
Shares of the company’s stock have slid 2.6 percent to $50.41 early Thursday morning.
The warning overshadows what has been an otherwise profitable year for Verizon as they added 640,000 new customers and met analysts’ profit estimates for the first quarter.
Verizon stock has climbed 12 percent this year through Wednesday, before the company took a hard stance against two of its labor unions, who are facing job cuts.