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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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August 27, 2015
11:25 EDTVZSamsung Pay beta available on all U.S. carriers except Verizon, Verge reports
Samsung (SSNLF) Pay's beta is available on all major U.S. carriers, including AT&T (T), Sprint (S), T-Mobile (TMUS), and U.S. Cellular (USM), except for Verizon (VZ), the Verge reports. Verizon is "evaluating" Samsung Pay currently, and may very well miss the September 28th launch of the product, the report says. Reference Link
05:36 EDTVZVerizon FiOS reaches agreement with Entertainment Studios
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August 26, 2015
06:22 EDTVZGoogle fear Verizon, T-Mobile cell signs could crowd WiFi channels, WSJ says
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06:07 EDTVZVerizon confirms availability of hum to create connected driving experience
Verizon Telematics confirmed the commercial availability of hum, an aftermarket vehicle technology and subscription service that enables drivers on the road to make their car smarter through a simple solution regardless of their wireless service provider. First announced in January at the North American International Auto Show as Verizon Vehicle, hum provides subscribers with a self-installed solution that helps predict potential issues, prevents breakdowns and offers protection when problems do arise. At the simple press of a button, drivers receive diagnostic information, pinpoint roadside assistance and live consultation with ASE-certified mechanics and emergency personnel on-demand. Through GPS-based technology, hum helps accurately dispatch advanced roadside assistance, alerts emergency personnel of a car's location if a crash is detected, and assists authorities in locating a vehicle that has been reported stolen. Two year subscription plans start at $14.99 per month plus taxes, fees and equipment for the first vehicle with the option to add other vehicles for less.
06:02 EDTVZVerizon to announce Hum to connect older cars, The Verge reports
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August 25, 2015
05:59 EDTVZStocks with implied volatility movement; WMB VZ
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August 23, 2015
19:13 EDTVZBT executive says Verizon, AT&T abusing landline duopoly, FT reports
In a Financial Times interview published Sunday, BT Group's (BT) Americas president Bas Burger said Verizon (VZ) and AT&T (T) are abusing their control over telephone and broadband lines to charge inappropriate access fees to companies like BT. "For a western world country it is the worst I've seen... There is not sufficient regulation to create competition: almost all access is being provided by two companies and they have divided the country among themselves," remarked Burger, adding that the two companies are also not required to fix network problems within any specific timeframe. Reference Link
August 20, 2015
08:02 EDTVZFCC to hold a conference and workshop
2015 Supplier Diversity Conference & Workshop is being held at FCC Washington, D.C. offices on August 20 at 9:30 am. Webcast Link
August 19, 2015
10:20 EDTVZBig telecom firms put M&A on hold, CTFN reports
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08:22 EDTVZSprint traffic levels increasing, says Pacific Crest
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August 18, 2015
11:34 EDTVZSprint rises on plans to abandon two-year contracts
Sprint shares are higher this morning after the company's chief executive officer said that the carrier plans to move away from two-year contracts. WHAT'S NEW: In an interview with The Wall Street Journal, Sprint CEO Marcelo Claure said that the company will stop offering two-year contracts by the end of 2015 in favor of a "smartphone lease" model. Sprint began offering a lease option last year, The Journal noted, and Claure said the carrier is planning to move entirely to that model by the end of the year. As part of its shift, Sprint yesterday unveiled iPhone Forever, a new leasing plan that starts at $22 per month for an iPhone. WHAT'S NOTABLE: In a similar move earlier this month, Sprint rival Verizon (VZ) said it would drop phone subsidies and two-year contracts for new customers. T-Mobile (TMUS), another market rival, abandoned contracts over two years ago, leaving AT&T (T) as the only major U.S. carrier still offering to subsidize new smartphone purchases. Separately, Softbank (SFTBF), Sprint's primary stakeholder, disclosed last week that it increased its holdings in the company to approximately 80%, though the company said it does not plan for its stake in the carrier to exceed 85%. Meanwhile, a study released Tuesday by RootMetrics, an independent company that evaluates wireless networks, shows that Sprint is improving its network, having solidified third place nationally in overall performance, surpassing T-Mobile for the second consecutive six-month stretch. PRICE ACTION: Sprint is up 7c, or 1.52%, to $4.67 in morning trading.
August 17, 2015
07:39 EDTVZTMC to hold a conference
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