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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 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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September 16, 2014
08:18 EDTVZFCC to hold a roundtable
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