3 Telecom Stocks Seeing Action: Verizon’s Quarterly Report Card, Son Hints at Sprint Price Cuts, and T-Mobile’s Jump Competition
Verizon Wireless (NYSE:VZ): The results are in: second quarter earnings per share have clocked in at 73 cents, enough to slide by projections by 1 cent. Revenue of $29.79 billion missed by $0.04 billion. The company recorded 941,000 retail postpaid net additions, up 6 percent from the year before, bringing the total to 94.3 million subscribers. The company formally announced the Edge monthly installment and early upgrade plan, and noted that iPhones made up 51 percent of the quarter’s smartphone sales, or 3.9 million units.