Tuesday, October 21, 2014

Update: Verizon Q3 '14 Earnings


 Summary

  • Verizon reports Q314 earnings.
  • Investors should continue avoiding the stock.
  • The pricing pressure in the sector and ability to only add tablet customers was anticipated to impact growth rates going forward.
 Before the market opened, Verizon (NYSE:VZ) reported earnings that continue to show pressure from the new domestic pricing wars. The large wireless provider missed analyst estimates for the second quarter this year amidst a slowing growth rate for wireless service revenue and pressures on margins.

 Read full article at Seeking Alpha.


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