Amid mixed Q4 results from its wireless and landline FiOS businesses, Verizon Communications on Thursday reported a strong December quarter from AOL, a key part of the phone company’s strategy to diversify into digital media and advertising. Verizon (VZ) stock rose 3.3% on Thursday after the company reported Q4 earnings and revenue above Wall Street views, despite intensified competition in wireless service and aggressive marketing by T-Mobile US
Medical systems maker and IBD 50 stock Intuitive Surgical (ISRG) beat analysts’ Q4 estimates late Thursday, while reporting sales in line with its pre-announcement last week. Intuitive’s earnings, excluding one-time items, rose 20% over the year-earlier quarter to $5.89 a share, beating analysts’ consensus by 85 cents, according to Thomson Reuters. Consensus, however, had not been updated to reflect Intuitive’s preliminary Q4 sales number of $677
IBM reported better-than-expected fourth-quarter earnings after the market close Tuesday, and its CEO said it’s making “significant progress” in a major company transition, but 2016 EPS guidance fell short of analyst expectations. IBM (IBM) reported revenue of $22.06 billion, down 8.5% from the year-earlier quarter but slightly edging the Wall Street consensus estimate of $22 billion. Adjusting for currency exchange rates, IBM said revenue fell