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Stock impact report

Why Is Verizon (VZ) Down 1.5% Since Last Earnings Report? [Yahoo! Finance]

Verizon Communications Inc. (VZ) 
Last verizon communications inc. earnings: 4/24 07:30 am Check Earnings Report
US:NYSE Investor Relations: verizon.com/about/investors
Company Research Source: Yahoo! Finance
Will the recent negative trend continue leading up to its next earnings release, or is Verizon due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Verizon Beats on Q3 Earnings, Revenues Miss Despite Wireless Traction Verizon recorded relatively healthy third-quarter results with adjusted earnings beating the Zacks Consensus Estimate but the top line missing the same. The company recorded consolidated postpaid net additions of 349,000 in the quarter along with retail postpaid phone net additions of 239,000. Total broadband net additions for the quarter were 389,000, including 363,000 fixed wireless net additions. On a GAAP basis, net income in the quarter was $3.41 billion or 78 cents per share compared with $4.88 billion or $1.13 per share in the prior-year quarter. The year-over-year decrease was primarily attributable Show less Read more
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