Says not delivering the shareholder returns investors expect. “Despite investing significantly in network leadership, we have not been able to translate that into winning in the market and consequently, we are not generating the financial profile necessary for share price appreciation,” CEO Dan Schulman says.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VZ:
- Verizon ‘committed’ to achieving volume growth, profitability simultaneously
- Verizon CEO says has had ‘front seat’ into company’s evolution since 2018
- Verizon says shift to customer first ‘not a course correction’
- Verizon CEO says hasn’t captured customer growth opportunities
- Verizon CEO Schulman says ‘could not be more excited’ about the future
