Verizon (VZ) Moves Higher Following Block Trade; Shares Forming 'Death Cross' Pattern
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- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
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- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
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- Fannie Mae loses at least 10 senior executives amid departures - WSJ
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Verizon (VZ) Slips as Sandy Hit Q4 Results; Margins Pressured on Smartphone Sales
January 22, 2013 8:02 AM ESTVerizon (NYSE: VZ) is seeing some pressure Tuesday morning following issuance of fourth-quarter 2012 results, with net profit missing expectations amid robust sales.
Revenue in the quarter was $30.05 billion, from $28.44 billion in the same period last year and expectations for $29.75 billion.
Net income inclusive of a seven-cent reduction from to Superstorm Sandy was 38 cents per share, versus the... More
Vodafone (VOD) Slips Following Verizon (VZ) Q4 Miss
January 22, 2013 6:35 AM ESTShares of Vodafone (Nasdaq: VOD) are ticking lower following fourth-quarter results from Verizon Communications (NYSE: VZ) issued earlier.
Verizon reported GAAP EPS of 38 cents, missing consensus estimates calling for 52 cents. The number included items from Superstorm Sandy.
Vodafone is down about 2 percent early.... More
Verizon Communications, Inc. (VZ) Posts Q4 GAAP EPS of 38c
January 22, 2013 6:31 AM ESTVerizon Communications, Inc. (NYSE: VZ) reported Q4 EPS of $0.38, which may not compare with the analyst estimate of $0.52. Revenue for the quarter came in at $30.05 billion versus the consensus estimate of $29.75 billion.
EPS includes 7 cent Hurricane Sandy effect.
2.2 million retail net additions, excluding... More
