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Stock Market & Financial Investment News

News Breaks
April 18, 2012
11:14 EDTVZEarnings 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.
News For VZ From The Last 14 Days
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October 1, 2014
07:06 EDTVZVerizon management to meet with UBS
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September 30, 2014
08:07 EDTVZVerizon management to meet with UBS
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07:53 EDTVZAnalysts see AT&T with early lead over Verizon in connected cars, Reuters says
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September 29, 2014
07:25 EDTVZOracle to hold a conference
Open World 2014 to be held in San Francisco on September 28-October 2.
September 24, 2014
08:03 EDTVZMicronet Enertec artners with Verizon for mobile data terminal distribution
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September 23, 2014
18:03 EDTVZVerizon hires TAP Advisors for tower sale. lease agreement, Bloomberg says
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17:53 EDTVZVerizon hires TAP Advisors for tower sale. lease agreement, Bloomberg says
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September 22, 2014
07:14 EDTVZGSM Association to hold a conference
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September 17, 2014
11:42 EDTVZVerizon says company-wide growth at moment is 'fine'
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11:39 EDTVZVerizon says tower sales options more favorable in current market
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