New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 10, 2014
15:11 EDTVZVerizon Q2 postpay net adds beat expectations, says Wells Fargo
After Verizon CEO Lowell McAdam said the company had 1.4M postpay net adds in Q2 and ''record'' postpay tablet sales, Wells Fargo noted that the net adds were higher than the firm's recently increased estimate and above Street consensus. The firm notes that the company's prior postpay tablet add record was 634K and that it expects Verizon to have industry-leading 4G smartphone handset gains in Q2. Wells maintains its Outperform rating on Verizon.
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.
1 | 2 | all recent VZ news | >>
October 23, 2014
06:27 EDTVZSpherix provides litigation update
Subscribe for More Information
05:58 EDTVZVerizon makes investment in Flint Mobile, TechCrunch reports
Subscribe for More Information
October 21, 2014
16:36 EDTVZOn The Fly: Closing Wrap
Stocks on Wall Street were higher after a report showed existing homes sales hit their fastest pace in a year during September and Apple (AAPL) gave a better than expected sales forecast for its December quarter. ECONOMIC EVENTS: In the U.S., existing home sales beat estimates in September, rising 2.4% from the prior month to a 5.17M rate. In China, GDP slowed to 7.3% year-over-year growth pace in Q3 from 7.5% in Q2, though that was slightly better than expected. Chinese industrial production expanded at a 8.0% rate in September, which was well above projections and up from 6.9% growth in August. China's retail sales grew 11.6% in September compared to the prior year, which was nearly in-line with expectations. COMPANY NEWS: Shares of Apple rose $2.71, or 2.72%, to $102.47 after the company reported better than expected quarterly results and gave a better than expected forecast for its sales during the holiday quarter. Following last night's report, analysts at Cantor Fitzgerald said the iPhone maker "executed impressively" in Q4 and provided a strong outlook for Q1. The firm, which believes investors should "start thinking more boldly" about the company, raised its price target for shares to $143 from $123 and kept a Buy rating on the stock... Five of the Dow's 30 members reported on their quarterly results this morning and Coca-Cola (KO) was the clear loser in the bunch. The soda giant's shares dropped $2.61, or 6.03%, to $40.68 after its revenue missed expectations, it warned that it now expects to be below its long-term EPS growth target for 2014, and the company announced new cost-saving measures. Among the other four, McDonald’s (MCD) fell 0.63%, Verizon (VZ) added 0.43%, United Technologies (UTX) gained 0.49%, and Travelers (TRV) rose 1.12%. MAJOR MOVERS: Among the notable gainers following their earnings reports were medical equipment manufacturer Waters (WAT), which rose $9.63, or 9.87%, to $107.17, and motorcycle maker Harley-Davidson (HOG), which advanced $4.27, or 7.31%, to $62.65. Among the noteworthy losers was Ocwen Financial (OCN), which plunged $4.78, or 18.2%, to $21.48 after the company was called out by the New York Department of Financial Services for erroneously dated letters to borrowers. Benjamin Lawsky, the Superintendent for the NYDFS, stated in his letter to the company that if his department concludes it cannot trust Ocwen's systems and processes, "then it cannot trust Ocwen is complying with the law." Also lower following their earnings reports were Mexican restaurant operator Chipotle (CMG), which fell $45.48, or 6.96%, to $607.55, and defense contractor Lockheed Martin (LMT), which slid $2.92, or 1.66%, to $172.61. INDEXES: The Dow gained 215.14, or 1.31%, to 16,614.81, the Nasdaq advanced 103.40, or 2.4%, to 4,419.48, and the S&P 500 rose 37.27, or 1.96%, to 1,941.28.
12:57 EDTVZOn The Fly: Midday Wrap
Subscribe for More Information
09:37 EDTVZActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL PBR AMZN C TWTR CVX VZ MCD GILD TXN
09:24 EDTVZVerizon CFO sees FiOS prices going up in Q4 due to content costs
Subscribe for More Information
09:15 EDTVZOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Apple (AAPL), up 3%... Texas Instruments (TXN), up 2.3%... Harley Davidson (HOG), up 7%... Celanese (CE), up 4%... United Technologies (UTX), up 1.4%. ALSO HIGHER: Neonode (NEON), up 20% after signing technology development agreement with global tier-one printer OEM... Illumina (ILMN), up 10%, upgraded at Janney Capital following the company's better than expected Q3 earnings. DOWN AFTER EARNINGS: Coca-Cola (KO), down 5%... Chipotle (CMG), down 4.6%... Verizon (VZ), down 1%. ALSO LOWER: CEL-SCI (CVM), down 15.3% after announcing proposed offering of common stock, warrants... Omeros (OMER), down 12% after suspending Huntington's clinical trial with OMS824... Tesoro Logistics (TLLP), down 2.4% after 20M share secondary priced at $57.47... Rhino Resources (RNO), down 53%, downgraded to Underperform at Raymond James following the reduction in its quarterly cash dividend.
09:06 EDTVZVerizon says 'nothing to announce' regarding asset sales
Subscribe for More Information
09:03 EDTVZVerizon says has highest backlog ever coming into an iPhone launch Q4
Subscribe for More Information
09:01 EDTVZVerizon says will have 'rational' response to competition in wireless market
08:55 EDTVZVerizon sees price-sensetive pre-paid customers moving to post-paid
Subscribe for More Information
07:40 EDTVZVerizon reports Q3 retail postpaid ARPA up 3.5% to $161.24
Subscribe for More Information
07:36 EDTVZVerizon backs FY14 target of 4% consolidated top-line growth
FY14 revenue consensus $126.08B. For the full year, results for consolidated adjusted and wireless segment EBITDA service margin will be dependent on Q4 volumes and installment take rates. Wireline segment EBITDA margin remains on track to expand on a full-year basis, Verizon said.
07:34 EDTVZVerizon sees FY14 capital spending near $17B
Subscribe for More Information
07:33 EDTVZVerizon CEO says seeing continued, healthy demand for wireless, broadband
Verizon Communications Chairman and CEO Lowell McAdam said: "We have great confidence heading into the fourth quarter, as Verizon continues to deliver consistently strong operating and financial results. We see continued, healthy customer demand for wireless and broadband services, and we are encouraged by the growth we are starting to see in the areas of video delivery and machine-to-machine. Our cash generation remains strong, and last month we were pleased to announce board approval of a quarterly dividend increase for the eighth consecutive year."
07:32 EDTVZVerizon reports Q3 EPS 89c, consensus 90c
Subscribe for More Information
October 20, 2014
15:36 EDTVZNotable companies reporting before tomorrow's open
Subscribe for More Information
15:19 EDTVZVerizon technical commentary before earnings
Subscribe for More Information
13:53 EDTVZEarnings Preview: Verizon sentiment mixed ahead of Q3 report
Subscribe for More Information
07:17 EDTVZVerizon weekly volatility elevated into Q3 and outlook
Verizon October weekly call option implied volatility is at 25, November and January is at 16; compared to its 26-week average of 15 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 21.
1 | 2 | all recent VZ news | >>

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