Tag: $Verizon

Shares of Verizon, AT&T, and T-Mobile fell an average of 11% on Oct. 9 after SpaceX announced its purchase of low-band spectrum. T-Mobile has a space-to-cell partnership with SpaceX and holds about 400 megahertz of wireless spectrum compared to SpaceX’s 80.

Verizon, raised its annual forecast for wireless subscriber additions on Monday, betting on strong demand for its simplified plans, ​and signed an AI infrastructure deal worth more than $2 ‌billion with Amazon Web Services.

Shares of the three major U.S. mobile carriers slid in premarket trading early on Friday. AT&T shares dropped 3.74% to $21.89, while Verizon fell 3.25% to $43.73. T-Mobile’s stock dropped 3.13% to $153.82.

SpaceX announced a wireless spectrum acquisition late Thursday, stoking fears of wireless telecom disruption and sending shares of AT&T and its peers lower.

Verizon is investing $70 million in a nationwide effort to provide AI ​training to job seekers, small business and ‌educators as the U.S. economy undergoes a dramatic transformation, it said on Wednesday.

Verizon raised its annual forecast for adjusted profit and free cash flow, as the network provider’s latest ​unlimited 5G plans and rewards programs helped it add more wireless ‌subscribers than expected in the June quarter.

U.S. wireless carrier Verizon (VZ.N), said on Thursday it will sell 274 company-owned retail locations ​and cut about 500 corporate jobs as part of its ‌restructuring.

Alphabet will replace Verizon Communications in the Dow Jones Industrial Average, index provider S&P Dow Jones Indices said late Tuesday, tilting the historic U.S. equity benchmark deeper toward the technology sector. It will no longer have a component representing telecoms.

Verizon Communications Inc. (VZ) reported first-quarter results that exceeded earnings expectations while revenue fell short of analyst estimates, though the company raised its full-year earnings guidance.

T-Mobile added fewer wireless subscribers in the fourth quarter than analysts had expected, as rivals extended ⁠aggressive deals and offers to lure customers.

Shares of Verizon Communications (VZ) climbed Friday after the wireless carrier posted better-than-expected earnings and added more postpaid customers than expected in the fourth quarter.

AST SpaceMobile on Wednesday announced a deal with Verizon to provide cellular service from space beginning next year.

AT&T stock was a touch lower on Wednesday, even though the wireless carrier topped Wall Street’s earnings expectations. Investors may have been looking for perfection after rival Verizon Communications posted a beat-and-raise on Monday.

Verizon Communications beat Wall Street’s earnings expectations and hiked its 2025 earnings and free cash flow guidance on Monday, sending the stock higher.

Verizon Communications Inc. stood by its guidance in the face of macroeconomic uncertainty on Tuesday, though the telecommunications company came up short with its wireless retail postpaid phone momentum in the latest quarter.

Verizon Communications Inc. reported fourth-quarter financial results that beat analysts’ estimates, including gains in new mobile-phone and broadband customers.

Verizon reported adjusted earnings of $1.19 a share on revenue of $33.3 billion for the third quarter ended Sept. 30. Analysts surveyed by FactSet were expecting earnings of $1.18 a share on revenue of $33.4 billion.

Verizon said on Thursday it would buy Frontier Communications in an all-cash deal worth $20 billion, as the U.S. wireless carrier looks to expand its fiber network.

Verizon’s stock falls after company adds 148,000 net postpaid phone subscribers but misses slightly on overall revenue

Verizon Communications said on Monday it lost fewer-than-expected wireless subscribers in the first quarter thanks to its flexible plans and streaming bundles offering discounted pricing for services such as Netflix and Warner Bros Discovery’s Max.