AT&T (T), Sprint (S), T-Mobile (TMUS) and Verizon (VZ) Form Joint Venture in Messaging
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T-Mobile (TMUS) Tops Q3 EPS by 5c, Revenues MIss; Raises FY19 Guidance for Net Customer Additions
October 28, 2019 4:03 PM EDTT-Mobile (NASDAQ: TMUS) reported Q3 EPS of $1.01, $0.05 better than the analyst estimate of $0.96. Revenue for the quarter came in at $11.1 billion versus the consensus estimate of $11.33 billion.
Q3 2019 was another blockbuster quarter for T-Mobile! Once again we set new records, including our 26th quarter in a row with more than 1 million net additions. And the Un-carrier is leading the industry in postpaid phone net adds - again, said John Legere, CEO of T-Mobile. Our team has been hard at work deploying 600 MHz spectrum and we have accelerated our plans to launch a foundational... More
SunTrust Reiterates Buy Rating on Verizon Communications (VZ)
October 28, 2019 8:06 AM EDTSunTrust analyst Greg Miller reiterated a Buy rating and $68.00 price target on Verizon Communications (NYSE: VZ) following the company's 3Q report. Miller believes that Verizon reported 3Q19 results indicative of success in a strategy designed to lay the groundwork for a successful 5G launch... More
DTE Energy (DTE) Raises Quarterly Dividend 7.1% to $1.0125; 3.2% Yield
October 28, 2019 7:11 AM EDTDTE Energy (NYSE: DTE) declared a quarterly dividend of $1.0125 per share, or $4.05 annualized. This is a 7.1% increase from the prior dividend of $0.945.
The dividend will be payable on January 15, 2020, to stockholders of record on December 16, 2019, with an ex-dividend date of December 13,... More
DTE Energy (DTE) Misses Q3 EPS by 7c; Raises FY19 EPS Guidance, Provides FY20 EPS Outlook
October 28, 2019 7:02 AM EDTDTE Energy (NYSE: DTE) reported Q3 EPS of $1.91, $0.07 worse than the analyst estimate of $1.98.
"This dividend increase reflects the company's strong performance and ability to consistently achieve our goals," said Jerry Norcia, DTE Energy President and CEO. "The Board's approval of the increase signals confidence in the company's performance and long-term strategic plan."
Norcia also noted the following business and environmental accomplishments:
Announced goal to achieve net zero carbon emissions in electric company by 2050: This sets the framework for DTE to go beyond its existing commitment to reduce carbon emissions 50% by... More