NEW YORK—Telecom service providers opened lower Tuesday, with Qwest among the sector's top decliners after posting a 35 percent drop in its quarterly profit.
The broader market retreated following disappointing results from mortgage lender Fannie Mae, homebuilder D.R. Horton and Swiss bank UBS.
Here is a look at how some key telecom stocks performed Tuesday:
AT&T Inc. fell 55 cents to $39.30.
Sprint Nextel Corp. fell 16 cents to $8.56.
Verizon Communications Inc. fell 29 cents to $38.61.
Qwest Communications International Inc. fell 32 cents, or 6 percent, to $5.04.
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