Verizon Communications (VZ) Reports In-Line Q2 EPS, Beats on Revenues

Verizon Communications (VZ) Shares Push to Highs; Up 7.3%

July 27, 2017 1:47 PM EDT

Verizon Communications (NYSE: VZ) pushes to the highs of the session with solid earnings this morning and weakness in tech stocks. Shares are up 7.3%.

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Comcast results top estimates on film, theme parks growth

July 27, 2017 6:09 AM EDT

By Anjali Athavaley

NEW YORK (Reuters) - Comcast Corp's (NASDAQ: CMCSA) quarterly results topped Wall Street analysts' estimates on higher revenue in its filmed entertainment and theme parks businesses, even as the No. 1 U.S. cable operator lost video subscribers.

Net income attributable to Comcast rose 23.9 percent to $2.51 billion, or 52 cents a share, during the company's second quarter ended June 30, up from $2.03 billion, or 41 cents a share. Revenue rose... More

AT&T shares surge more than 4 percent, low churn helps

July 26, 2017 3:51 PM EDT

By Sheila Dang

(Reuters) - AT&T Inc (NYSE: T) shares jumped more than 4 percent on Wednesday, notching their biggest one-day percentage gain since March 2009, a day after the carrier said its bundled products had helped slow losses of its most lucrative wireless customers.

Churn among phone subscribers who pay a monthly bill was 0.79 percent in the quarter, the lowest in the company's history, AT&T said its second-quarter earnings report on Tuesday.

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Comcast (CMCSA) Should Buy Verizon (VZ) - Citi

July 26, 2017 7:27 AM EDT

Citi analyst Jason Bazinet is making a bold case that Comcast (NASDAQ: CMCSA) should acquire Verizon (NYSE: VZ).

Bazinet cited four reason why a deal makes sense for both:

1) Wireless would allow Comcast to extend Internet connectivity beyond the home.

2) Both cable and wireless firms will need to... More

UPDATE: Citi Downgrades Dish Network (DISH) to Sell

July 26, 2017 7:10 AM EDT

(Updated - July 26, 2017 7:28 AM EDT)

(updated to add analyst comment)

Citi downgraded Dish Network (NASDAQ: DISH) from Buy to Sell with a price target of $52.00 (from $94.00).

Analyst Jason Bazinet believes the company maybe a loser according to a morning... More

AT&T's quarterly profit tops Wall Street estimates, shares rise

July 25, 2017 4:12 PM EDT

By Anjali Athavaley

NEW YORK (Reuters) - AT&T Inc's (NYSE: T) quarterly profit topped Wall Street estimates on Tuesday as the No. 2 U.S. wireless carrier lowered operating costs and introduced new promotions bundling video with phone service that helped it compete in a fierce market for customers.

Its shares rose 2.5 percent to $37.12 in after-hours trading.

AT&T is battling industry leader Verizon Communications Inc (NYSE: VZ) and smaller rivals Sprint Corp (NYSE: S) and T-Mobile US Inc (NASDAQ:... More