Verizon Stock Set for Worst Week Since 2008. Time to Buy?

Yesterday it was AT&T (T) – Get AT&T Inc. Report; today it’s Verizon (VZ) – Get Verizon Communications Inc. Report.

The stocks of the country’s two largest telecom companies are uncharacteristically volatile as they report second-quarter earnings.

On Thursday, Verizon shares fell 2.9% in sympathy with AT&T’s earnings selloff. While AT&T beat on earnings expectations, its full-year free cash flow guidance disappointed investors after a trim to $14 billion from $16 billion.

This morning, Verizon delivered its own disappointment as well. The shares are down more than 7% on the report, as earnings missed expectations and the company cut its profit outlook.


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