Verizon Communications Inc. (NYSE:VZ) shares are trading lower by 2.66% to $41.72 during Thursday's session and are lower by 4.5% this week. The stock is trading lower this week after the company reported mixed third-quarter results.

What Happened: While Verizon delivered mixed results, it showcased resilience in key business areas despite a challenging macroeconomic environment.

Verizon reported flat year-over-year revenue of $33.33 billion, falling slightly short of Wall Street expectations of $33.43 billion. This stagnation in sales growth was largely due to a drop in wireless equipment revenue, which offset growth in other areas such as service and fixed wireless...