53.22 -0.01 (-0.02%)
After hours: 6:26PM EST
|Bid||53.11 x 500|
|Ask||53.23 x 1900|
|Day's range||52.81 - 54.60|
|52-week range||42.80 - 54.60|
|PE ratio (TTM)||13.65|
|Earnings date||23 Jan 2018|
|Forward dividend & yield||2.36 (4.55%)|
|1y target est||53.27|
Earnings this morning from Verizon Communications (VZ) showed some improving trends for the carrier, but they offer little to like for Ericsson (ERIC), Nokia (NOK), and CommScope (COMM) according to a report this evening from Raymond James analyst Simon Leopold. Leopold notes Verizon’s forecast for its capital spending this year, which is for $17 billion to $17.8 billion, reflects the company’s intention to "continue to exercise the same discipline in its approach to planning that it has historically,” so that there’s no immediate boost this year from U.S. tax reform, even though the new rules provide for accelerated depreciation of investment in equipment. A lot of the investment is tiled toward fixed broadband, he notes, which doesn’t help the wireless portfolios of Ericsson and Nokia.
Verizon (VZ), America’s biggest carrier, said that the new tax code signed by President Donald Trump late last year would lead to a one-time reduction of its deferred tax liability. The new tax law saw corporate tax rates slashed from 35% to 21%. The company has $48.3 billion in deferred tax liabilities that will be reduced due to the lower corporate income tax rate.
Can Comcast Deliver in 4Q17? Leading cable and media conglomerate Comcast (CMCSA) is set to release its 4Q17 earnings results before the market opens on January 24, 2018. In the graph above, we can see the growth of Comcast’s EPS over the last five quarters.
Verizon (VZ) reports net increase of 1.174 million retail postpaid wireless subscribers in fourth-quarter 2017. However, the company lost 0.184 million prepaid customers.
Walt Disney Co. said it will give employees a one-time cash bonus of $1,000, joining a growing list of companies handing out awards in the wake of federal tax reform.
Stocks were mostly higher as Netflix, Amazon, Apple and Nvidia led techs. Bitcoin continued to slide amid increased scrutiny from regulators.
According to the Wall Street Journal, Verizon (VZ) has inked a new five-year streaming deal with the National Football League for more than $2.0 billion. Under this deal, Verizon would extend the rights to stream NFL games to mobile devices across all mobile carriers. Verizon previously offered exclusive access to mobile streaming of NFL games.
Verizon Communications (VZ) witnesses a net increase of 1.174 million retail postpaid wireless subscribers in the fourth-quarter of 2017, but lost 0.184 million prepaid customers.
Shares of Verizon Communications (VZ) are up 80 cents, or 1.5%, at 54.26, after the company this morning beat Q4 revenue expectations by a comfortable margin, missed on the bottom line, and forecast revenue growth this year better than the Street was expecting. The company said the recently passed U.S. tax reforms will boost Verizon's cash from operations this year by $3 billion to $4 billion. Jennifer Fritzsche of Wells Fargo, who has an Outperform rating on the shares, writes in her first pass at the results that "good well outweighs the bad here," pointing to not just the revenue number but also the addition of 431,000 phone connections, within overall retail "net additions" of 1.2 million.
Verizon Communications reported flat earnings per share in the fourth quarter, missing views. Revenue climbed 5%, topping analyst estimates.
Verizon Communications joins a lucky group of companies with primarily good news to share about the impact of the Tax Cut and Jobs Act law, signed by President Trump at the end of December.
The New York-based company said it had net income of $4.56 per share. Earnings, adjusted for one-time gains and costs, came to 86 cents per share. The results missed Wall Street expectations. The average ...
Now let’s take a look at two important components of Sprint’s (S) wireless revenue. The larger component is the company’s wireless service revenue, and the smaller component is its wireless equipment revenue. The declining trend in the wireless segment’s service revenue is expected to continue during fiscal 3Q17 (quarter ending December 2017).
Verizon Communications Inc. expects a massive windfall from U.S tax cuts to boost 2018 cash flow by $3.5 billion to $4 billion, giving the phone giant a lift during a challenging time.
Shares of Verizon Communications Inc. rallied 1% in premarket trade Tuesday, as a revenue beat and a big expected benefit from tax-reform legislation helped offset a profit miss. Net earnings rose to $18.78 ...
$4.56 in earnings per share, compared with $1.10 in 4 Q 2016; adjusted EPS, excluding special items, of 86 cents, compared with 86 cents in 4 Q 2016. Verizon Wireless: 1.2 million retail postpaid net additions, ...
Verizon Communications Inc. is considering entering the multibillion-dollar market for sports betting, which could become legal in the U.S. before the year is out, according to people familiar with the ...