59.10 +0.73 (1.25%)
Pre-Market: 7:56AM EDT
|Bid||59.07 x 3100|
|Ask||58.75 x 1400|
|Day's Range||57.89 - 58.49|
|52 Week Range||46.09 - 61.58|
|Beta (3Y Monthly)||0.47|
|PE Ratio (TTM)||15.52|
|Forward Dividend & Yield||2.41 (4.08%)|
|1y Target Est||N/A|
The carrier now expects low single-digit percentage growth in adjusted profit, after previously saying that its 2019 profit would be similar to what it reported a year earlier. Verizon launched its 5G mobile network in two cities in the United States last month at an additional cost of $10 for customers with existing unlimited plans. On an adjusted basis, Verizon earned $1.20 per share, beating analysts' estimates of $1.17, according to IBES data from Refinitiv.
Verizon reported adjusted first-quarter earnings that edged by estimates as revenue slightly missed. The better-than-expected Verizon earnings sent up shares in the wireless services provider.
(Reuters) - Verizon Communications Inc on Tuesday reported a better-than-expected quarterly profit as the largest U.S. wireless carrier prepares for a wider 5G rollout across the United States. The biggest ...
Shares of Verizon Communications Inc. rallied 1.1% in premarket trade Tuesday, after the wireless, internet and TV services provider beat first-quarter profit expectations, while revenue was in line, and raised its outlook. Net income rose to $5.16 billion, or $1.22 a share, from $4.67 billion, or $1.11 a share, in the same period a year ago. Excluding non-recurring items, adjusted EPS rose to $1.20 from $1.17, beating the FactSet consensus of $1.17. Revenue grew 1.1% to $32.13 billion, compared with the FactSet consensus of $32.15 billion. Total wireless revenue rose 3.7% to $22.7 billion, above the FactSet consensus of $22.5 billion, while wireline revenue fell 3.9% to $7.3 billion, matching expectations of $7.3 billion. Wireless retail postpaid net additions totaled 61,000, consisting of net losses of 44,000 phones and 156,000 tablets, and net additions of 261,000 other connected devices, primarily wearables. Postpaid smartphone net additions were 174,000. The company raised it guidance for 2019 adjusted EPS to show "low single-digit percentage growth" versus previous guidance that it would be "similar" to 2018. The stock has gained 3.8% year to date through Monday, while the SPDR Communications Services Select Sector ETF has run up 19.6% and the Dow Jones Industrial Average has hiked up 13.7%.
Verizon Communications Inc. on Tuesday reported first quarter net income of $5.03 billion. The New York company said it had net income of $1.22 per share. Earnings, adjusted for non-recurring gains, came ...
Verizon said earnings for the three months ending in March came in at $1.22 per share, up 9.9% from the same period last year and 3 cents ahead of the Street consensus forecast. Net revenues, Verizon said, were pegged at $32.12 billion, essentially matching analysts' forecasts but unchanged from last year. Verizon said it added a net 61,000 retail postpaid subscribers over the quarterly period, including 174,000 net smartphone additions, a figure which handily topped Street forecasts of a modest decline.
Dow Jones futures moved higher on earnings from United Technologies, Verizon and Coca-Cola. Twitter and Lockheed Martin jumped on earnings too.
FT subscribers can click here to receive FirstFT every day by email. Barclays is cracking down on bankers’ pay as part of a cost-cutting drive to boost returns at Britain’s underperforming, and only remaining, ...
Senior executives at T-Mobile US Inc and Sprint Corp made the case to U.S. officials in Washington last week that they should approve a planned tie-up between the two wireless companies, arguing a combined ...
Verizon has avoided major acquisitions that would diversify its business. So when Verizon earnings come out early April 23, its wireless results and 5G network plans will be in focus.
Verizon Communications Inc. (NYSE: VZ) and AT&T Inc. (NYSE: T), wireless industry competitors with diverging business strategies, are among the first major companies in the newly formed Communication Services sector to report this quarter. VZ and T are the two largest wireless carriers in the U.S. by subscribers, and both companies stocks struggled after their previous quarterly reports. The Communication Services sector was created just a few quarters ago, combining companies that were in Info Tech and Consumer Discretionary with those from the old Telecom sector. With the mass amount of consumers in nearly nonstop contact with communications devices, companies here like VZ and T might consider the thriving consumer as a good sign for their bottom line.
Verizon has promised $1 million for new 5G service or product ideas. One analyst says that faster speeds alone won’t be enough to justify customer upgrades.
AT&T's Q1 Results Are around the Corner: What Wall Street Expects(Continued from Prior Part)AT&T’s postpaid phone churn rate In this article, we’ll talk about AT&T’s (T) customer retention metric, or its churn rate. Wall Street
Cypress Semiconductor's (CY) Q1 earnings are likely to be driven by growth in automotive, IoT and USB-C solutions. However, ongoing trade tension and weak macro environment might impact its results.
TE Connectivity's (TEL) industrial and communications solutions portfolio is likely to drive fiscal Q2 results. Weak market conditions in China and softness in European Auto may mar top-line growth.
AT&T's Q1 Results Are around the Corner: What Wall Street Expects(Continued from Prior Part)AT&T’s prepaid customers In this article, we’ll take a look at the kind of prepaid customer net additions we can expect from AT&T’s (T)
Verizon (VZ) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.