Verizon: Promotional Offers Will Hit Q4 Profits

By | December 9, 2014

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Verizon Communications (VZ) late Monday confirmed that an ongoing wireless industry price war will lower its Q4 earnings. Fran Shammo, Verizon’s chief financial officer, is slated to speak at a UBS financial conference on Tuesday morning. “The company expects that the fourth-quarter impacts of its promotional offers, together with the strong customer volumes this quarter, will put short-term pressure on its wireless segment EBITDA (earnings before Scalper1 News

Scalper1 News