Verizon Communications (VZ) stock fell after the No. 1 telecom firm reported mixed Q2 earnings early Tuesday, adding fewer FiOS TV and broadband customers than expected. The wireless services leader also saw its ARPA, or average monthly revenue per account, slide amid intensified price competition with AT&T (T), T-Mobile US (TMUS) and Sprint (S). Verizon also lowered its outlook, now saying it expects 3% consolidated revenue growth in 2015, down
Verizon Communications’ (VZ) Q2 earnings are expected to rise 11% and revenue 3%, but the No. 1 U.S. telecom firm’s wireless services revenue might decline for the second time ever, and the second quarter in a row, amid tough price competition. Average revenue per user, a key financial metric, has been falling at Verizon as well as at rivals AT&T (T), Sprint (S) and T-Mobile US (TMUS) amid intensified wireless competition. Subscriber growth has
Reports that federal regulators will disallow bidding discounts awarded to Dish Network (DISH) partners in a blockbuster government spectrum auction and that the satellite TV broadcaster’s merger talks with T-Mobile (TMUS) are going nowhere sent Dish stock down late in Thursday’s regular session. Dish stock had recovered a bit in after-hours trading. Sprint (S) stock, meanwhile, rose in after-hours trading on speculation that its Japan-based