Shares of Verizon (VZ) are trading lower after releasing mixed third quarter results on Tuesday. The telecommunications giant reported revenue of $33.33 billion, falling slightly short of analysts' projected $33.45 billion. However, the company's adjusted earnings per share came in at $1.19, narrowly beating Wall Street's estimate of $1.18.

Market Domination anchors Julie Hyman and Josh Lipton break down the details, discussing how declines in smartphone demand has impacted results.

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This post was written by Angel Smith