InvestIdeas

Verizon Q2 profit rises

(RTTNews) - Verizon Communications Inc. (VZ: News, Chart, Quote ) reported second-quarter net income of $1.88 billion or $0.66 per share, compared to $1.68 billion or $0.58 per share in the same quarter last year.

Before special items, net income would have been $1.90 billion or $0.67 per share, in comparison with $1.70 billion or $0.58 per share in the prior year quarter. On average, 24 analysts polled by First Call/Thomson Financial expected earnings of $0.65 per share.

Operating revenues increased 3.7% to $24.12 billion from $23.27 billion in the year-ago quarter. Nineteen Wall Street analysts' consensus revenue estimate came in at $24.18 billion. (K : top line came in below expectations)

In wireless segment, the company reported 1.5 million net customer additions, with 68.7 million total customers. The company had a churn rate of 1.12% and 0.83% retail post-paid churn.

Source: RTT News

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Verizon’s new “supercookie” can’t be blocked by normal methods but can be used to develop the data on consumer activity that advertisers crave.

Remember VZ next time you hear talk about “Big Data” companies to watch.

Source: Young's Intelligence Report

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Warning: Avoid This Stock

By Joseph Hogue

Source: StreetAuthority

http://dailytradealert.com/2016/09/26/w ... s-stock-2/

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THIS INTERNET 'TOLL BRIDGE' JUST HIT A MULTIYEAR HIGH

Today, we revisit a telecom giant that's blasting through a volatile week for stocks...

Regular readers know that we've compared the telecom industry to a toll bridge. A toll-bridge owner spends lavishly to build a bridge, then sits back and collects the tolls...

Similarly, telecom companies build expensive fiber-optic and wireless networks, then profit from monthly access fees. For proof, look at this telecom giant...

Verizon's (VZ) wireless segment serves 145 million people in the U.S. That's more customers than any of its competitors. The company's biggest project these days is introducing its 5G network – the highest-performing mobile communications system available – city by city across the country. This has led the company to much success...

Verizon beat analyst expectations for revenue growth in the third quarter, reaching $32.6 billion in sales.

And as you can see, Verizon's stock has powered through the recent market volatility. Shares are up around 23% over the past year. And prices have soared close to their dot-com era highs. Clearly, investing in "toll bridges" can be a lucrative strategy.

Source: Daily Wealth

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https://www.zerohedge.com/technology/ve ... -expansion

Verizon Set To Axe 15,000 Jobs Right Before Thanksgiving Holiday
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