New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
July 2, 2015
10:00 EDTVZOn The Fly: Analyst Initiation Summary
Subscribe for More Information
08:08 EDTVZSpherix issues litigation update in patent case against Verizon
Spherix announced a litigation update. In the matter of Spherix Incorporated v. Verizon Services Corp. et al., in the U.S. District Court for the Eastern District of Virginia, the Court issued a Markman Order interpreting certain key claims in favor of the Defendants on the one patent at issue in the case. In light of the Court's Markman decision on the one patent, the Court also granted the Defendants' Motion for Summary Judgment. The other 20 patents being asserted by Spherix in other cases were not affected by the ruling. The patent infringement claims being brought in the second suit filed against Verizon were not affected and that case against Verizon continues.
July 1, 2015
17:18 EDTVZVerizon initiated with a Neutral at Buckingham
Subscribe for More Information
June 30, 2015
13:38 EDTVZMicrosoft display exit shows discipline, but impact negligible, says Jefferies
Subscribe for More Information
08:22 EDTVZMicrosoft deal with AOL for Bing doesn't move needle, says Citi
Subscribe for More Information
June 28, 2015
14:50 EDTVZSome AOL investors to seek higher price from Verizon in court, WSJ says
Certain AOL investors including Brigade Capital and Verition have opted not to sell their holdings to Verizon for $50 per share and will instead seek a higher price through an appraisal process, the Wall Street Journal reported Friday, citing people familiar with the matter. The report notes that the dissenting firms hold roughly 5% of AOL. Reference Link
June 25, 2015
18:07 EDTVZHuff Post network 'almost definitely' launching on Verizon service, Variety says
Subscribe for More Information
16:42 EDTVZFCC Chairman outlines changes to future spectrum auctions
Subscribe for More Information
14:13 EDTVZVerizon's HuffPo to launch 24-hour online video network, Hollywood Reporter says
The Huffington Post plans to launch a 24-hour online video network featuring live programming, original series and other video, HuffPo founder Arianna Huffington told staff, according to The Hollywood Reporter. The website, whose parent AOL was recently acquired by Verizon, will also establish film and television divisions, the report noted. Reference Link
08:35 EDTVZVerizon and Scripps Networks sign licensing agreement
Subscribe for More Information
05:13 EDTVZVerizon repair crews working to keep customers connected in Mid-Atlantic
Subscribe for More Information
June 23, 2015
19:31 EDTVZT-Mobile petitions FCC to deny certain AT&T spectrum licenses
Subscribe for More Information
18:00 EDTVZS&P announces changes to the S&P 400, 500, 600 indices
S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices: Columbia Pipeline Group (CPGX) will replace Allegheny Technologies (ATI) in the S&P 500, Allegheny Technologies will replace Unit Corp. (UNT) in the S&P MidCap 400, and Unit Corp. will replace PetroQuest Energy (PQ) in the S&P SmallCap 600 after the close of trading on Wednesday, July 1. S&P 500 constituent NiSource (NI) is spinning off Columbia Pipeline Group in a transaction expected to be completed on that date. NiSource will remain in the S&P 500 following the distribution. Allegheny Technologies, Unit and PetroQuest are all ranked near or at the bottom of their current indices. S&P SmallCap 600 constituent Casey’s General Stores (CASY) will replace AOL (AOL) in the S&P MidCap 400, and Nektar Therapeutics (NKTR) will replace Casey’s General Stores in the S&P SmallCap 600 after the close of trading on Thursday, June 25. S&P 100 & 500 constituent Verizon (VZ) acquired AOL in a transaction completed today. TopBuild (BLD) will replace Aéropostale (ARO) in the S&P SmallCap 600 after the close of trading on Tuesday, June 30. S&P 500 constituent Masco (MAS) is spinning off TopBuild in a transaction expected to be completed on that date. Masco will remain in the S&P 500 following the distribution. Aéropostale is ranked near the bottom of the S&P SmallCap 600. “New” Gannett Co. (GCI) will replace Quiksilver (ZQK) in the S&P SmallCap 600 after the close of trading on Friday, June 26. S&P 500 constituent Gannett Co. (GCI) is spinning off “new” Gannett Co. in a transaction expected to be completed on that date. Post spin, the parent company will change its name to TEGNA. and trade under the symbol “TGNA”. It will remain in the S&P 500 following the distribution. Quiksilver is ranked near the bottom of the S&P SmallCap 600. Cable ONE Inc. (CABO) will replace Peabody Energy (BTU) in the S&P MidCap 400 after the close of trading on Tuesday, June 30. S&P MidCap 400 constituent Graham Holdings Company (GHC) is spinning off CableOne in a transaction expected to be completed on that date. Graham Holdings will remain in the S&P MidCap 400 following the distribution. Peabody Energy is ranked near the bottom of the S&P MidCap 400. The Chemours Co. (CC) will replace Semtech Corp. (SMTC) in the S&P MidCap 400, and Semtech will replace Paragon Offshore (PGN) in the S&P SmallCap 600 after the close of trading on Tuesday June 30. S&P 100 & 500 constituent E. I. du Pont de Nemours and Co. (DD) is spinning off Chemours in a transaction expected to be completed on that date. Dupont will remain in the S&P 100 & 500 following the distribution. Semtech and Paragon Offshore are ranked near or at the bottom of their current indices. “New “ Energizer Holdings (ENR) will replace Harsco (HSC) in the S&P MidCap 400, and Harsco will replace FXCM (FXCM) in the SmallCap 600 after the close of trading on Tuesday, June 30. S&P MidCap 400 constituent Energizer (ENR) is spinning off “new” Energizer in a transaction expected to be completed on that date. Post spin, the parent company will change its name to Edgewell Personal Care Co. and trade under the symbol “EPC”. It will remain in the S&P MidCap 400 following the distribution. Harsco and FXCM are ranked near or at the bottom of their current indices.
08:42 EDTVZVerizon completes acquisition of AOL
Subscribe for More Information
June 22, 2015
17:42 EDTVZVerizon offers raises to 38K employees
Subscribe for More Information
16:44 EDTVZVerizon names Scott Krohn as Treasurer
Fran Shammo, CFO, Verizon (VZ), announced that Scott Krohn will join Verizon on July 6 as Treasurer, succeeding Matt Ellis, who was previously appointed to lead Finance in Verizon's Operations organization. Before joining Verizon, Krohn VP - Tax and Treasurer at 3M Company (MMM), where for the last three years his areas of focus included capital structure strategy and execution, pension asset management, financial risk management, and more recently tax planning and governance. Prior to this, Krohn worked for almost 15 years at Ford Motor Company, where he held a number of finance leadership positions in the U.S. and overseas, with his most recent roles there focusing on financial strategy and debt capital markets.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use