Verizon shares set for worst week since 2008  Time to buy?

Verizon shares set for worst week since 2008 Time to buy?

Yesterday it was AT&T (T) – Get report from AT&T Inc; today it is Verizon (vz) – Get report from Verizon Communications Inc.

Shares of the country’s two largest telecom companies are unusually volatile as they announce their second-quarter earnings.

On Thursday, Verizon shares fell 2.9% on AT&T’s earnings sell-off. While AT&T beat earnings expectations, its full-year free cash flow guidance disappointed investors after being cut to $14 billion from $16 billion.

This morning, Verizon also delivered its own disappointment. Shares are down more than 7% from the report as earnings missed expectations and the company cut its earnings outlook.

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