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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 Introduces Palm
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Verizon Communications Inc ::VERIZON - INTRODUCING PALM.VERIZON - GET PALM BEGINNING NOV 2; IT IS APPROXIMATELY SIZE OF A CREDIT CARD.  Full Article

Verizon Communications Q3 Adjusted Non-GAAP Earnings Per Share $1.22
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - Verizon Communications Inc ::Q3 ADJUSTED NON-GAAP EARNINGS PER SHARE $1.22.Q3 EARNINGS PER SHARE $1.19.Q3 REVENUE $32.6 BILLION VERSUS I/B/E/S VIEW $32.51 BILLION.Q3 EARNINGS PER SHARE VIEW $1.19 -- THOMSON REUTERS I/B/E/S.VERIZON - ON TRACK TO DELIVER AGAINST A GOAL TO ACHIEVE $10 BILLION IN CUMULATIVE CASH SAVINGS BY 2021.VERIZON - VERIZON REPORTED 515,000 RETAIL POSTPAID NET ADDITIONS IN THIRD-QUARTER 2018, CONSISTING OF NET PHONE ADDITIONS OF 295,000.VERIZON - TOTAL RETAIL POSTPAID CHURN WAS 1.04 PERCENT IN THIRD-QUARTER 2018, COMPARED WITH 0.97 PERCENT YEAR OVER YEAR.VERIZON - FULL-YEAR CONSOLIDATED REVENUE GROWTH AT LOW-TO-MID SINGLE-DIGIT PERCENTAGE RATES ON A GAAP REPORTED BASIS..VERIZON - COMPANY EXPECTS RETAIL POSTPAID PHONE CHURN TO INCREASE SEASONALLY DURING FOURTH-QUARTER 2018.VERIZON - IMPACT OF REVENUE RECOGNITION ON EPS FOR FULL-YEAR 2018 TO BE BETWEEN 27 AND 31 CENTS.VERIZON - EXPECTS LOW SINGLE-DIGIT PERCENTAGE GROWTH IN ADJUSTED EPS IN 2018.VERIZON - EXPECTS CAPITAL SPENDING FOR 2018 TO BE IN RANGE OF $16.6 BILLION TO $17.0 BILLION.VERIZON - EXPECTS OATH REVENUES TO BE RELATIVELY FLAT IN NEAR TERM.VERIZON - DOES NOT EXPECT TO MEET PREVIOUS TARGET OF $10 BILLION IN OATH REVENUES BY 2020.VERIZON - HAS ALSO MADE DISCRETIONARY CONTRIBUTIONS OF $1.7 BILLION TO EMPLOYEE BENEFIT PROGRAMS YTD.  Full Article

Verizon Names Chris Bartlett To Lead Corporate Development, Verizon Ventures
Tuesday, 25 Sep 2018 

Sept 25 (Reuters) - Verizon Communications Inc ::VERIZON NAMES CHRIS BARTLETT TO LEAD CORPORATE DEVELOPMENT, VERIZON VENTURES.BARTLETT REPLACES JOHN DOHERTY, WHO LEFT VERIZON AT END OF JUNE TO PURSUE OTHER OPPORTUNITIES.BARTLETT WAS MOST RECENTLY MANAGING DIRECTOR AT MORGAN STANLEY.  Full Article

iPhone XS, iPhone XS Max, Apple Watch Series 4 Arrive At Verizon On Sept 21
Thursday, 13 Sep 2018 

Sept 13 (Reuters) - Verizon Communications Inc ::IPHONE XS, IPHONE XS MAX, APPLE WATCH SERIES 4 ARRIVE AT VERIZON ON SEPTEMBER 21.VERIZON - PREORDER IPHONE XS, IPHONE XS MAX AND APPLE WATCH SERIES 4 BEGINNING SEPT 14.  Full Article

Verizon's Tim Armstrong In Talks To Exit - WSJ
Friday, 7 Sep 2018 

Sept 7 (Reuters) - :TIM ARMSTRONG, THE LEADER OF VERIZON COMMUNICATIONS INC'S MEDIA AND ADVERTISING BUSINESS, IS IN TALKS TO EXIT - WSJ, CITING SOURCES.  Full Article

Paypal President And CEO Daniel H. Schulman Elected To Verizon Board Of Directors
Thursday, 6 Sep 2018 

Sept 6 (Reuters) - Verizon Communications Inc ::PAYPAL PRESIDENT AND CEO DANIEL H. SCHULMAN ELECTED TO VERIZON BOARD OF DIRECTORS.VERIZON - ADDITION OF SCHULMAN BRINGS VERIZON'S TOTAL BOARD MEMBERSHIP TO 13.VERIZON - ‍ELECTION OF DANIEL H. SCHULMAN, PRESIDENT, CEO OF PAYPAL HOLDINGS, INC., TO VERIZON BOARD OF DIRECTORS, EFFECTIVE SEPT. 6.  Full Article

Verizon Declares Dividend Of 60.25 Cents Per Outstanding Share
Thursday, 6 Sep 2018 

Sept 6 (Reuters) - Verizon Communications Inc ::VERIZON INCREASES DIVIDEND FOR 12TH CONSECUTIVE YEAR.VERIZON - BOARD DECLARED A QUARTERLY DIVIDEND OF 60.25 CENTS PER OUTSTANDING SHARE, AN INCREASE OF 1.25 CENTS PER SHARE.  Full Article

beIN Sports Announces Network Distribution Renewal Agreement With Verizon Fios
Monday, 13 Aug 2018 

Aug 13 (Reuters) - beIN Sports::BEIN SPORTS - ANNOUNCED A NETWORK DISTRIBUTION RENEWAL AGREEMENT WITH VERIZON FIOS.  Full Article

Verizon Communications Reports Q2 EPS Of $1.00
Tuesday, 24 Jul 2018 

July 24 (Reuters) - Verizon Communications Inc ::VERIZON ENDS FIRST-HALF 2018 WITH STRONG OPERATING RESULTS.VERIZON - Q2 ADJUSTED NON-GAAP EARNINGS PER SHARE $1.20 EXCLUDING ITEMS.VERIZON - Q2 EARNINGS PER SHARE $1.00.VERIZON - Q2 REVENUE $32.2 BILLION VERSUS I/B/E/S VIEW $31.78 BILLION.VERIZON - Q2 EARNINGS PER SHARE VIEW $1.14 -- THOMSON REUTERS I/B/E/S.VERIZON - VERIZON REPORTED A NET INCREASE OF 531,000 WIRELESS RETAIL POSTPAID NET ADDITIONS IN SECOND-QUARTER 2018.VERIZON - SEES FULL-YEAR CONSOLIDATED REVENUE GROWTH AT LOW-TO-MID SINGLE-DIGIT PERCENTAGE RATES ON A GAAP REPORTED BASIS.VERIZON - SEES FULL-YEAR CONSOLIDATED REVENUE GROWTH AT LOW-TO-MID SINGLE-DIGIT PERCENTAGE RATES ON A GAAP REPORTED BASIS.VERIZON - VERIZON'S SECOND-QUARTER 2018 EPS INCLUDED ABOUT 21 CENTS DUE TO NET EFFECTS OF TAX REFORM AND ACCOUNTING CHANGES FOR REVENUE RECOGNITION.VERIZON - TOTAL WIRELESS RETAIL POSTPAID CHURN WAS 0.97 PERCENT IN SECOND-QUARTER 2018, SLIGHTLY UP YEAR-OVER-YEAR.VERIZON - SEES IMPACT OF REVENUE RECOGNITION ON EPS FOR FY 2018 TO BE BETWEEN $0.27 TO $0.31 .VERIZON - SEES LOW SINGLE-DIGIT PERCENTAGE GROWTH IN ADJUSTED EPS IN 2018, BEFORE NET IMPACT OF TAX REFORM AND REVENUE RECOGNITION STANDARD.VERIZON - SEES CAPITAL SPENDING FOR 2018 TO BE CLOSER TO LOWER END OF RANGE OF $17.0 TO $17.8 BILLION.VERIZON - QTRLY ADJUSTED. EARNINGS PER SHARE INCLUDED A PRE-TAX CHARGE FOR PRODUCT REALIGNMENT OF $658 MILLION, SEVERANCE CHARGES OF $339 MILLION.  Full Article

New Verizon CEO Vestberg To Resign As Hexagon Vice Chairman
Monday, 9 Jul 2018 

July 9 (Reuters) - Hexagon AB ::HANS VESTBERG WILL RESIGN AS VICE CHAIRMAN OF HEXAGON'S BOARD.SAYS VESTBERG HAS BEEN VICE CHAIRMAN OF BOARD SINCE 2017.  Full Article

UPDATE 1-U.S. Senate bill vows to get tough on robocalls, up penalties

WASHINGTON, Nov 16 Two U.S. senators on Friday unveiled bipartisan legislation to toughen penalties on robocalls, make it easier for regulators to crack down on unwanted calls and compel mobile phone providers to adopt call authentication technologies.