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Stock Market & Financial Investment News

News Breaks
January 18, 2013
11:51 EDTVZEarnings Preview: Verizon says Sandy’s impact on Q4 results may be significant
Verizon Communications (VZ) is expected to report Q4 earnings before the market open on Tuesday, January 22, 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 52c on revenue of $29.75B, according to First Call. The consensus range for EPS is 39c-62c on revenue of $29.35B-$30.2B... LAST QUARTER: Verizon reported Q3 EPS of 64c against estimates for 64c on revenue of $29.01B against estimates for $29B. In the Q3 earnings report, CEO Lowell McAdam commented, "In Q3, Verizon continued to deliver double-digit earnings growth and strong cash generation, and we remain solidly on track to meet our financial objectives for the year.” However on November 2, shortly after Hurricane Sandy landed, the company said the impact from the storm on Q4 operating results “could be significant.” The company’s Northeast network was not restored to pre-storm levels until November 15. At the UBS Global Media and Communications Conference on December 4, CEO McAdam noted that momentum from Q3 was carrying over into Q4, and that he “felt good” going into 2013... STREET RESEARCH: Street research has been mostly positive in the weeks leading up to Verizon's Q4 earnings report. Negative sentiment came on January 14 when UBS downgraded the stock to Neutral from Buy, citing lower profitability due to higher subsidies and indirect channel costs in wireless and increased costs in wireline. UBS lowered its price target to $44 from $48. PRICE ACTION: Verizon shares fell approximately 11% following the company's Q3 report. However, in mid-November, the stock mounted a modest rebound, but then dipped again in the first two weeks of this year. In late morning trading ahead of Tuesday's Q4 report, Verizon’s shares are up 0.40% to $42.30.
News For VZ From The Last 14 Days
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September 16, 2014
08:18 EDTVZFCC to hold a roundtable
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September 15, 2014
08:32 EDTVZApple says pre-orders for iPhone 6, iPhone 6 Plus topped 4M in first 24 hours
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08:09 EDTVZUSA Technologies can benefit as Apple Pay drives interest, says H.C. Wainwright
H.C. Wainwright expects Apple's (AAPL) payment entry to validate the mobile wallet concept, which can shift the balance in the industry and benefit USA Technologies (USAT). The firm noted that USA Tech provides the backbone of the operation behind Softcard, the mobile wallet joint venture owned by AT&T (T), Verizon (VZ), and T-Mobile (TMUS), and the firm believes that this system may "somehow" be absorbed into Apple Pay (AAPL) in the future. H.C. Wainwright reiterates its Buy rating on USA Technologies.
September 12, 2014
12:29 EDTVZVerizon management to meet with Jefferies
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10:09 EDTVZApple, carriers seeing very strong demand for new iPhone models, Re/code reports
Demand for Apple's (AAPL) iPhone 6 and iPhone 6 Plus is greater than that seen in either of the past two years, a spokesperson for AT&T (T) tells Re/code. Re/code notes that Apple and the major carriers, including Verizon (VZ) and T-Mobile (TMUS), appear to have sold through their pre-order supplies of the iPhone 6 Plus. Reference Link
06:42 EDTVZVerizon head receptive to possible tower sale deal, Reuters says
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06:19 EDTVZVerizon could launch digital video service by mid-2015, WSJ reports
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September 11, 2014
09:34 EDTVZVerizon expects streaming online OTT video offering in late 1H15
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September 10, 2014
07:31 EDTVZGoldman to hold a conference
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September 9, 2014
15:46 EDTVZVerizon offering free 16GB iPhone 6 with trade-in of old iPhone
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14:51 EDTVZApple announces iPhone 6, 6 Plus with Retina HD, Apple Pay
Apple announced iPhone 6 and iPhone 6 Plus, featuring two new models with 4.7-inch and 5.5-inch Retina HD displays. The new iPhones feature a unibody enclosure of anodized aluminum that conforms with the shaped glass of the display. iPhone 6 and iPhone 6 Plus include the Apple-designed A8 chip with second generation 64-bit desktop-class architecture for fast performance and power efficiency. Both models include the M8 motion coprocessor that gathers motion data from the accelerometer, gyroscope, compass and the new barometer. iPhone 6 and iPhone 6 Plus introduce Apple Pay, a new way to securely pay for physical goods and services in stores or apps. Users can pay securely in stores by holding the phone near the contactless reader while keeping a finger on Touch ID. The iSight camera gets better with a new sensor featuring Focus Pixels for faster autofocus and iPhone 6 Plus users will also benefit from optical image stabilization technology that compensates for hand shake in low light and works with iOS 8 to reduce subject motion. With faster LTE download speeds of up to 150 Mbps, iPhone 6 and iPhone 6 Plus users can browse, download and stream content faster. The new iPhones also support voice calls over LTE, or VoLTE, as well as Wi-Fi calling. iPhone 6 comes in gold, silver or space gray, and will be available in the U.S. for a suggested retail price of $199 for the 16GB model, $299 for the 64GB model and 128GB model for $399 with a two-year contract. iPhone 6 Plus comes in gold, silver or space gray, and will be available in the US for a suggested retail price of $299 for the 16GB model, $399 for the 64GB model and $499 for the new 128GB model with a two-year contract. Both models will be available from the Apple Online Store, Apple’s retail stores, and through AT&T (T), Sprint (S), T-Mobile (TMUS), Verizon Wireless (VZ), additional carriers and select Apple Authorized Resellers. iPhone 6 and iPhone 6 Plus will be available in the US, Australia, Canada, France, Germany, Hong Kong, Japan, Puerto Rico, Singapore and the UK beginning on Friday, September 19, and customers can pre-order both models beginning on Friday, September 12.
06:09 EDTVZVerizon CEO sees self-driving cars 3-5 years away, Detroit News reports
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05:16 EDTVZSprint announces improved phone-trade in program, price match guarantee
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September 8, 2014
05:28 EDTVZVerizon announces Verizon Auto Share
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September 7, 2014
20:37 EDTVZApple's new iPhones face risk as carriers begin subsidy phase out, WSJ says
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September 5, 2014
06:41 EDTVZFCC head says agency to promote high speed Internet choices, NY Times reports
Stating that fewer than 25% of American homes have access to more than one high speed Internet provider, FCC Chairman Tom Wheeler said the agency would look to promote additional choices in the sector, according to The New York Times. High speed Internet providers include Comcast (CMCSA), Cablevision (CVC), Verizon (VZ), AT&T (T), and Google (GOOG). Reference Link
September 4, 2014
11:32 EDTVZVerizon raises dividend to 55c from 53c
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September 3, 2014
11:15 EDTVZVerizon to pay $7.4M to settle privacy investigation
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08:28 EDTVZISIS Wallet changes name to Softcard
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