Verizon Q3 Results Top Estimates; Backs FY23 Outlook

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.

RTTNews | 303 dias atrás

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.

RTTNews | 490 dias atrás

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.

RTTNews | 616 dias atrás

Verizon Says Manon Brouillette Steps Down As CEO Of Verizon Consumer Group

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.

RTTNews | 898 dias atrás

European Stocks Close On Mixed Note Amid Geopolitical, Trade Uncertainty

European stocks turned in a mixed performance on Wednesday after a cautious session as investors awaited clarity on the trade front. The impasse in Ukraine peace talks and data showing a bigger than expected increase in UK inflation weighed on sentiment. A downward revision in U.S. federal deficit weighed as well.

RTTNews | 6 minutos atrás

Bay Street Seen Opening On Mixed Note

Canadian shares are likely to open on a mixed note Wednesday morning. Weak European stocks, concerns about U.S. debt, impasse over peace talks and a lack of progress in trade negotiations may weigh on sentiment. Firm bullion and crude oil prices could trigger buying in resources sectors and limit market's downside.

RTTNews | 4 h 46 min atrás

UK Inflation Strongest Since Early 2024 On Household Bills, Employer Tax

UK consumer price inflation accelerated sharply to the highest level in more than a year in April due to higher domestic bills and the hike in employers' taxes, official data revealed on Wednesday. The consumer price index rose by a bigger-than-expected 3.5 percent year-on-year in April, which was faster than the 2.6 percent increase in March, the Office for National Statistics reported.

RTTNews | 5 h 36 min atrás

FTSE 100 Down Marginally As Investors Focus On Inflation Data, Earnings

U.K. stocks are marginally down on Wednesday amid concerns over an impasse in Russia-Ukraine peace talks, a lack of progress in trade negotiations, and data showing an acceleration in British consumer price inflation in the month of April. Investors are also reacting to some corporate earnings announcements.

RTTNews | 5 h 44 min atrás

EURUSD	1.13426	GBPUSD	1.34459	AUDUSD	0.64641
USDJPY	143.688	USDCAD	1.38253	USDCHF	0.82533

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Verizon Q3 Results Top Estimates; Backs FY23 Outlook