Verizon Communications shares are trading lower after the company disclosed that it expects a Q2 loss of $700 million to $800 million due to the classification of assets from its Contributed Business as assets and liabilities held for sale.

Verizon Communications Inc.

Verizon Communications Inc.

VZ

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Verizon Communications shares are trading lower after the company disclosed that it expects a Q2 loss of $700 million to $800 million due to the classification of assets from its Contributed Business as assets and liabilities held for sale.