Global Stock News

VZ Holds Above $43.07 Into Q3 Earnings as SpaceX Eyes a Fourth Carrier

VZ Holds Above $43.07 Into Q3 Earnings as SpaceX Eyes a Fourth Carrier

TradingKey – Verizon Communications (NYSE: VZ) reports third-quarter results before the open on Monday, October 26, with a webcast at 8:30 a.m. ET. The stock fell 1.19% to $44.66 on Friday, October 23, and premarket trading is nearly unchanged at $44.74.

Friday’s drop followed a Bloomberg report that SpaceX is in talks to access at least 80,000 US cell sites, a step toward a fourth nationwide carrier. AT&T and T-Mobile each fell nearly 8% on the news, while Verizon lost only about 1%. That resilience gives today’s report a clear job: show the subscriber growth needed to meet guidance.

The SpaceX Threat

Bloomberg said SpaceX is in talks with at least one major tower company, reportedly Crown Castle. The 80,000 sites equal about half of the…

Source link

Share this article

Scroll to Top