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Stock Market & Financial Investment News

News Breaks
January 17, 2014
14:06 EDTVZ, TMUSEarnings Preview: Analyst sentiment positive on Verizon ahead of Q4 report
Verizon Communications (VZ) is expected to report fourth quarter earnings before the market open on Tuesday, January 21, with a conference call scheduled for 8:30 am ET. Verizon is a holding company providing communications, information and entertainment. EXPECTATIONS: Analysts are looking for EPS of 65c on revenue of $31.03B, according to First Call. The consensus range for EPS is 61c-70c on revenue of $30.7B-$31.33B. LAST QUARTER: Verizon reported Q3 adjusted EPS of 77c against estimates for 74c on revenue of $30.28B against estimates for $30.16B. Verizon reported Q3 wireless retail customers increased 5.5% to 101.2M, with wireless retail postpaid churn of 0.97%. On the company’s Q3 earnings conference call, CFO Fran Shammo said he expected the business spending environment in Q4 to be similar to Q3. He added that in the short-term, he thought wireless growth could continue at an 8% pace, but over the long-term that was, "probably a high aspiration.” On November 12 at the Wells Fargo Technology, Media & Telecom Conference, Shammo said the company was “right on target” to close the Verizon Wireless deal sometime in Q1. On January 6, T-Mobile (TMUS) agreed to acquire 700 MHz A-Block spectrum licenses from Verizon Wireless for $2.365B, and transfer certain AWS and PCS spectrum licenses. STREET RESEARCH: Street research has been positive in the weeks leading up to Verizon's Q4 earnings report. On October 18, Deutsche Bank upgraded Verizon to a Buy from Hold citing wireless operating momentum and valuation. Deutsche raised its price target on shares to $56 from $49. On December 16, Macquarie upgraded Verizon to Outperform from Neutral. On December 19, Verizon was assumed with a Buy at Jefferies. PRICE ACTION: Verizon shares are trading modestly lower versus three months ago, but are higher by approximately 15% over the past twelve months. In afternoon trading ahead of Tuesday's earnings report, Verizon’s shares are flat.
News For VZ;TMUS From The Last 14 Days
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April 22, 2014
10:02 EDTVZ, TMUSBofA/Merrill's telecom analysts hold an analyst/industry conference call
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08:01 EDTVZJacobs Engineering to acquire Verizon's FNS subsidiary
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07:16 EDTTMUS, VZiPhone sales could be hurt by fading phone subsidies, WSJ reports
Sales of Apple's (AAPL) iPhones may be further pressured as carriers make faster progress in transitioning customers away from subsidies, the Wall Street Journal reports. U.S. wireless carriers like T-Mobile US (TMUS) and AT&T (T) have been having more success than expected in moving customers to non-subsidy plans, a transition that could harm sales of expensive handsets such as the iPhone. Reference Link
April 21, 2014
07:22 EDTTMUSPossible Sprint, T-Mobile merger could spark U.S. auction rethink, Reuters says
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April 20, 2014
17:11 EDTVZVerizon, AT&T may be limited in upcoming spectrum auction, WSJ says
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April 17, 2014
07:54 EDTVZVerizon 2014 consensus estimates have upside, says Jefferies
Jefferies sees upside to the 2014 consensus estimates for Verizon given the better than expected equipment installment plans market. The firm sees 17% upside to its year-end price target of $55 and it keeps a Buy rating on Verizon.
April 15, 2014
13:49 EDTVZEarnings Preview: Analysts optimistic on Intel ahead of Q1 report
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April 14, 2014
09:10 EDTVZ, TMUST-Mobile CEO starts petition for consumers to call on peers to end overages
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09:05 EDTVZ, TMUST-Mobile abolishes consumer overages, challenges other providers to follow suit
T-Mobile (TMUS) announced a campaign to eliminate overage penalties, one of the most reviled wireless industry practices. While abolishing overages for all customers on T-Mobile consumer plans, its CEO has also laid down a challenge to the nation's largest carriers, AT&T (T), Verizon (VZ) and Sprint (S), to do the same.
07:06 EDTVZU.S. Geospatial Intelligence Foundation to hold a symposium
GEOINT 2013 Symposium, originally scheduled for October 2013, is being held in Tampa, Florida on April 14-17.
06:40 EDTTMUSNo lines for Samsung's Galaxy S5 but carriers say demand healthy, Re/code says
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April 11, 2014
09:19 EDTVZANADIGICS ships AWC6383 dual-band ProVantage PA to Samsung
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07:26 EDTVZTime Warner struggling to force Dodgers network on pay-TV players, LAT say
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April 9, 2014
11:15 EDTVZ, TMUST-Mobile unveils $40 monthly price plan called 'Simple Starter'
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