“I’m really excited about the second half,” Verizon CEO Hans Vestberg says about the company’s “transformative” 5G and launches coming later this year.
Verizon Communications beat estimates for second-quarter profit and revenue on strong demand for its phone and internet services.In the second quarter, Verizon added 173,000 postpaid phone customers, well above analysts' average estimate of 61,200, according to research firm FactSet.
In the second quarter, Verizon added 173,000 postpaid phone customers, well above analysts' average estimate of 61,200, according to research firm FactSet. The company attributed the fall in revenue to a decline in device sales in the quarter, hurt by lockdown-led store closures. In the previous quarter, Verizon bled 68,000 monthly paying phone subscribers as it had to quickly close 70% of its stores.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
UK retail spending rebounds to near pre-lockdown levelsBritish shoppers appear to have wasted no time in getting back to the stores as retail sales grew more strongly than expected in June, returning to almost their pre-lockdown level
Weiterlesen »
Mattel beats sales estimates as bored kids turn back to BarbieMattel Inc beat quarterly sales expectations on Thursday, as its North Americans customers splurged on Barbie dolls and Uno playing cards to keep their kids entertained during coronavirus-induced lockdowns.
Weiterlesen »
French business booms more than expected in July on services rebound: PMIFrench business activity rebounded far more than expected in July as a post-lockdown recovery in the service sector shifted up a gear, a survey showed on Friday.
Weiterlesen »
Unilever second-quarter sales beat estimates, part of tea business to be separated into new entityConsumer goods giant Unilever reported a smaller than expected drop in quarterly sales on Thursday, helped by strong demand for food and hygiene products.
Weiterlesen »
Twitter shares rise on record yearly growth in daily usersTwitter Inc on Thursday reported its highest-ever yearly growth of daily users who can view ads, beating analysts' estimates on usage and sending its shares up 4%.
Weiterlesen »
Biogen lifts full-year profit forecast as Tecfidera boosts quarterBiogen Inc raised its 2020 earnings forecast on Wednesday after better-than-expected sales of its multiple sclerosis treatment Tecfidera helped the drugmaker beat second-quarter profit estimates.
Weiterlesen »