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Verizon Says Manon Brouillette Steps Down As CEO Of Verizon Consumer Group
(RTTNews) - Verizon Communications Inc. (VZ) announced Monday that Manon Brouillette, CEO of Verizon Consumer Group, has stepped down from the role she has held since January 2022.
Verizon Consumer Group was formed in January 2019 in an organizational transformation designed along customer-facing functions instead of its traditional technology-silo structure. Verizon Chairman and CEO Hans Vestberg has assumed responsibility for leading the Consumer Group in addition to his day-to-day responsibilities.
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Verizon Q2 Profit Weak, Revenues Miss View, Backs Outlook; Stock Down
Shares of Verizon Communications were losing nearly 6 percent in the early morning trading on the NYSE on Monday after the telecom major maintained its fiscal 2024 outlook after reporting weak profit in its second quarter, in line with Street estimates. Revenues edged up on strong wireless service revenue and broadband subscriber growth, but missed market estimates.
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Verizon Records Non-cash Goodwill Impairment Charge In Q4 Of About $5.8 Bln
Verizon Communications Inc. (VZ) revealed Wednesday in a filing Form 8-K with the U.S. Securities and Exchange Commission that it recorded a non-cash goodwill impairment charge in the fourth quarter of approximately $5.8 billion (before and after-tax), resulting in the goodwill balance of the Business reporting unit of $1.7 billion as of December 31, 2023.
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Verizon Q3 Results Top Estimates; Backs FY23 Outlook
Telecom major Verizon Communications Inc. (VZ) reported Tuesday that its third-quarter net income attributable to the company decreased 2.8 percent to $4.88 billion from $5.02 billion last year. Earnings per share were $1.13, down from $1.17 in the prior year.
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Verizon To Offer All New Apple IPhone 15, Watch Lineup
Telecom major Verizon Communications Inc. said it will offer Apple Inc.'s all new lineup of iPhone 15 and iPhone 15 Plus, as well as Apple Watch Series 9 and Apple Watch Ultra 2. Verizon will also offer iPhone 15 Pro and iPhone 15 Pro Max, Apple's lightest Pro models ever. The new Apple Watch lineup also includes the second generation of Apple Watch SE, and AirPods Pro.
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Renewed Selling Pressure Likely For Japan Shares
The Japanese stock market bounced higher again on Tuesday, one day after ending the two-day winning streak in which it had added just 50 points or 0.2 percent. The Nikkei 225 now sits just beneath the 39,690-point plateau although it's likely to head south again on Wednesday.
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KOSPI May Run Out Of Steam On Wednesday
The South Korea stock market has finished higher in back-to-back sessions, collecting more than 60 points or 1.9 percent along the way. The KOSPI now sits just beneath the 3,115-point plateau although investors may lock in gains on Wednesday.
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New Zealand Interest Rate Decision Due On Wednesday
The Reserve Bank of New Zealand will wrap up its monetary policy meeting on Wednesday and then announce its decision on interest rates, highlighting a busy day for Asia-Pacific economic activity. The RBNZ is expected to hold its Official Cash Rate steady at 3.25 percent.
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U.S. Dollar Higher As Trump Delays Tariff Deadline
The U.S. dollar climbed against its major counterparts in the New York session on Tuesday, as President Donald Trump announced a delay in implementation of tariffs to August 1.
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