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The Wall Street Publication > Blog > Tech > Verizon Lowers Annual Forecasts After Weak Customer Growth
Tech

Verizon Lowers Annual Forecasts After Weak Customer Growth

Editorial Board Published July 22, 2022
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Verizon Lowers Annual Forecasts After Weak Customer Growth
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July 22, 2022 8:40 am ET

Verizon Communications struggled to add wireless phone customers in the latest quarter and lowered its profit and revenue goals for the rest of the year.

The telecommunications giant gained 12,000 postpaid phone connections in the second quarter, a sign of relatively weak growth in its core customer base.

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