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Verizon Communications Inc (VZ.N)

VZ.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Verizon Communications Q3 adj. EPS $0.98
Thursday, 19 Oct 2017 07:30am EDT 

Oct 19 (Reuters) - Verizon Communications Inc ::Q3 earnings per share $0.89.Q3 earnings per share view $0.98 -- Thomson Reuters I/B/E/S.Q3 adjusted non-GAAP earnings per share $0.98 excluding items.Q3 earnings per share view $0.98 -- Thomson Reuters I/B/E/S.Q3 revenue $31.7 billion versus I/B/E/S view $31.45 billion.Sees ‍full-year 2017 consolidated revenues, on an organic basis, to be fairly consistent with 2016​.Qtrly wireless retail postpaid net additions ‍603,000​ versus 442,000 net additions.Sees ‍full-year 2017 consolidated adjusted EPS trends to be similar to consolidated revenue trends​.Sees ‍consolidated capital spending for 2017 to be at lower end of range of $16.8 billion to $17.5 billion​.Verizon's third-quarter 2017 earnings include a 1-cent-per-share impact as a result of natural disasters in Florida and Texas​.Qtrly wireline fios video net subscriber losses 18‍​,000 versus 36,000 net additions last year.Company's ‍pre-commercial 5G fixed wireless broadband trials are continuing, and company is on track to share trial results later in Q4​.In the media business, Oath revenues were $2 billion in Q3, and integration of AOL and Yahoo is 'ahead of internal expectations​'.Qtrly wireless retail postpaid churn ‍0.97 percent versus 1.04 percent​.Qtrly wireline FIOS internet net subscriber additions 66,000‍​ versus 90,000 net additions last year.Company had 109.7 million wireless retail postpaid connections and 5.6 million wireless retail prepaid connections at end of quarter‍​.  Full Article

Verizon announces tender offers for five series of its notes
Monday, 16 Oct 2017 06:23am EDT 

Oct 16 (Reuters) - Verizon Communications Inc ::Verizon announces tender offers for five series of its notes.Verizon - tender ‍offers will expire at 4:00 A.M. Eastern time on October 24, 2017​.Verizon - ‍ obligation to complete offers for 2.375% notes due 2022 , 0.500% notes due 2022 and 1.625% notes due 2024​.  Full Article

Verizon extends data relief for customers in areas impacted by Northern California wildfires
Thursday, 12 Oct 2017 01:14pm EDT 

Oct 12 (Reuters) - Verizon Communications Inc ::Verizon says ‍is extending its initial data relief offer for customers impacted by wildfires in Northern California by three days, through October 15.  Full Article

LICT announces PTPMS Communications' filing for legal action against Straight Path Communications
Tuesday, 10 Oct 2017 05:04pm EDT 

Oct 10 (Reuters) - LICT Corp :LICT Corp - announces filing of legal action by PTPMS Communications against Straight Path Communications to obtain amount related to wireless licenses​.LICT - ‍case is based on proposed transfer by straight path to verizon of straight path's wireless licenses through acquisition by Verizon for $3.1 billion​.LICT - "‍PTPMS is seeking ruling that straight path must pay co value of that 20% interest due to Verizon transaction".LICT Corp - ‍PTPMS is also requesting a trial to determine total value of its 20% interest in licenses​.LICT Corp - co holds a 49% interest in PTPMS Communications LLC​.  Full Article

Verizon- Marni Walden, EVP and president of global media, announces plans to leave
Wednesday, 4 Oct 2017 04:15pm EDT 

Oct 4 (Reuters) - Verizon Communications Inc :Marni Walden, EVP and president of global media, announces plans to leave Verizon.Verizon - ‍effective December 31, 2017, Walden will move into a strategic advisor role​.Verizon - Tim Armstrong, CEO of Oath, will continue to be responsible for leading Oath​.Verizon - Walden plans to leave company in February 2018​.  Full Article

Yahoo provides notice to additional users affected by 2013 data theft
Tuesday, 3 Oct 2017 04:30pm EDT 

Oct 3 (Reuters) - Verizon Communications Inc :Yahoo provides notice to additional users affected by previously disclosed 2013 data theft.Yahoo says now believes, following investigation with assistance of outside forensic experts, that all Yahoo user accounts were affected by Aug 2013 theft​.Yahoo - ‍investigation indicates user account information that was stolen did not include passwords in clear text, payment card data, bank account information​.Yahoo - "‍while this is not a new security issue, Yahoo is sending email notifications to additional affected user accounts​".  Full Article

Verizon says ‍iPhone 8, iPhone 8 plus, Apple Watch series 3 arrive at Verizon on September 22​
Thursday, 14 Sep 2017 04:47pm EDT 

Sept 14 (Reuters) - Apple Inc :Verizon says ‍iPhone 8, iPhone 8 plus, Apple Watch series 3 arrive at Verizon on September 22​.  Full Article

Verizon says Apple iPhone 8 avaliable to pre-order on Sept. 15
Thursday, 14 Sep 2017 10:39am EDT 

Sept 14 (Reuters) - Verizon Communications Inc::Verizon says Apple iPhone 8 avaliable to pre-order on Sept. 15 - tweet‍​.  Full Article

Verizon increases qtrly dividend by 2.2 pct to $0.59/ outstanding share
Thursday, 7 Sep 2017 12:14pm EDT 

Sept 7 (Reuters) - Verizon Communications Inc :Verizon increases dividend for 11th consecutive year.Says ‍declared quarterly dividend of 59 cents per outstanding share, an increase of 1.25 cents per share, or 2.2 percent, from previous quarter​.  Full Article

Verizon says ‍Samsung Galaxy Note8 available for preorder starting Aug 24​
Wednesday, 23 Aug 2017 11:21am EDT 

Aug 23 (Reuters) - Verizon Communications Inc :‍Samsung Galaxy Note8 available for preorder on Verizon starting August 24​.  Full Article


Verizon quarterly revenue, subscribers beat estimates

NEW YORK Verizon Communications Inc on Tuesday reported quarterly revenue that exceeded analyst estimates as it added phone subscribers, and the company's chief executive said it was not currently considering a large media acquisition.