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News Breaks | | | | April 18, 2012 | | 11:14 EDT |  | VZ | Earnings Preview: Verizon shares flat ahead of Q1 report
Verizon Communications (VZ) is expected to report Q1 earnings before the market open on Thursday, April 19, with a conference call scheduled for 8:30 am ET. Analysts are looking for EPS of 58c on revenue of $28.17B. The consensus range is 56c-60c for EPS, and revenue of $27.87B-$28.55B, according to First Call. Verizon reported mixed Q4 results, narrowly missing adjusted EPS, but beating revenue estimates. On its Q4 conference call, the company’s CFO, Francis Shammo, said there was "tremendous confidence" in long term growth prospects and wireline margin expansion in 2012. He added that for FY12, $2.20 was a "logical starting point" for EPS estimates. Current consensus is $2.47. The shares have traded in a narrow range since Q4 results were released in late January. They briefly approached their 52-week high of $40.48 in late March, but have fallen approximately 7% since then. Since hitting a 52-week low of $32.28 in August of last year, the shares are up approximately 17%, and currently sit near two-year highs. With so much good news discounted in the shares, investors will need exceptional results to justify further commitments. | |
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News For VZ From The Last 14 Days Check below for free stories on VZ the last two weeks. |
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| May 21, 2013 | | 07:32 EDT |  | VZ | CTIA–The Wireless Association to host a conference
 Subscribe for More Information | | | 05:50 EDT |  | VZ | Vodafone to invest $3.15B Verizon dividend on business, WSJ reports
Vodafone Group said it will keep the $3.15B dividend payment it will receive from Verizon Wireless and invest it in its flagging operations in Europe, which weighed heavily on its full-year profit, reports the Wall Street Journal. Reference Link | | | May 17, 2013 | | 16:47 EDT |  | VZ | Fitch affirms Verizon's IDR at 'A', outlook stable
Subscribe for More Information | | | 15:12 EDT | | VZ | Focus on Verizon Wireless stake ahead of Vodafone earnings, Reuters says
Subscribe for More Information | | | 06:50 EDT |  | VZ | Verizon initiated with an Overweight at Barclays
Target $59. | | | May 14, 2013 | | 11:54 EDT | | VZ | Verizon CFO says 'very comfortable' with cash position, ability to pay dividend
Subscribe for More Information | | | 11:49 EDT | | VZ | Verizon CFO declines to comment on potential to purchase Vodafone JV stake
Subscribe for More Information | | | May 13, 2013 | | 16:48 EDT | | VZ | Verizon Wireless to make $7B payment to Verizon, Vodafone
Verizon (VZ) disclosed in a regulatory filing that on May 9, the board of representatives of Verizon Wireless declared distributions to its owners in the aggregate amount of $7B, payable on June 25 in proportion to their respective partnership interests on the date of such distribution. Based on current ownership interests in Verizon Wireless, Verizon will receive cash payments aggregating $3.85B and Vodafone (VOD) will receive cash payments aggregating $3.15B. | | | 07:29 EDT | | VZ | Skillsoft to host a conference
2013 Global Skillsoft Perspectives Learning Industry Conference is being held in Orlando, Florida on May 13-16. | | | May 10, 2013 | | 07:08 EDT | | VZ | ESPN considers subsidizing wireless data plans, WSJ reports
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