Verizon Should Benefit from iPhone Demand
Analysts are expecting Verizon to report a profit of 55 cents a share, compared with earnings of 58 cents a share in the year-ago quarter. Revenue is estimated to improve to $27.4 billion from $26.8 billion a year ago, according to a poll of analysts by Thomson Reuters. Wireless and broadband growth should offset flat to declining revenues in the wireline business. The following is taken from a first-quarter report published by TheStreet Ratings , an independent-research unit of TheStreet that uses a quantitative model to evaluate stocks. Verizon reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, Verizon reported lower earnings of $0.90 versus $1.28 in the prior year. This year, the market expects an improvement in earnings ($2.22 versus $0.90). We rate Verizon a "buy." This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. Our model has a $49 price target on shares of Verizon, offering the potential for nearly 32% upside from current levels. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, solid stock price performance, impressive record of earnings per share growth and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. The gross profit margin for Verizon is rather high; currently it is at 58.40%. Regardless of VZ's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 5.30% trails the industry average. >>For upcoming earnings and estimates, see our Earnings Calendar .The U.S. Manufacturing Myth: Why China's Rattled!
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Iphone On Verizon - News

Even with relatively slow iPhone sales, Verizon is handily outdoing AT&T, which recruited only 331000 new contract subscribers in the quarter. The iPhone is AT&T's chief draw, while Verizon has other advantages on its side, like a broader "3G" data

It may be too soon for AT&T to experience substantial customer losses due to Verizon's iPhone competition, since many switchers might be waiting for their contracts to run out. So far, though, the signs look pretty good for AT&T.

PhoneArena is reporting that Verizon is in the beginning stages of an iPhone 4 accessory clear out – discounting current stock in order to sell it fast. The site's “tipster” passed on this
BOSTON (TheStreet Ratings) -- Verizon(VZ) is scheduled to report quarterly earnings before the market open on Friday. Investors will on the lookout for subscriber growth related to Apple's(AAPL) iPhone adds in
By AP AP — Verizon Communications Inc. is seeing a big boost from the iPhone, adding more new subscribers on contracts in the second quarter than it has in two and half years. — Cigarette maker Reynolds American Inc. said its second-quarter profit
Verizon Activates Only 2.3M iPhone 4s in June, Trailing AT&T ...
In the first full quarter of iPhone sales, Verizon Wireless activated 1.3 million fewer Apple smartphones than original Apple partner, AT&T. Thursday, AT&T announced 3.6 million iPhones were activated during the June three-month period, results that showed flat growth from the previous quarter. Verizon has only sold iPhone 4s, where AT&T has sold the iPhone 4, plus the iPhone 3GS for just $49, giving it an advantage and explaining the discrepancy between carriers.
Drilling deeper, the Verizon Wireless and AT&T domestic sales figures illustrates the growing importance of international Apple sales. When we subtract the nearly 6 million iPhones sold domestically from the overall 20.34 million handsets Apple sold during the June quarter, we learn 14.44 million — or 71 percent — iPhones are sold internationally.
Another factor, the slowdown in Verizon and AT&T iPhone sales provides another hint that consumers are delaying purchasing a handset awaiting the introduction of the iPhone 5. Many expect Apple won’t wait much longer, introducing the iPhone 5 in September , in time for back-to-school shoppers and the all important holiday sales period.
Do you think Verizon will continue to trail AT&T in iPhone sales, or do you think that the iPhone 5 will put them on equal footing again? Let us know in the comments.
#Verizon turns a profit in Q2 on benefit of iPhone contracts - Proactiveinvestors (NA)
RT @: Verizon Activated 2.3 Million iPhones in Second Quarter - http://on.mash.to/pcX2Yl
Verizon posts gains on strong iPhone, 4G sales - my question is who had better coverage and service Iphone On Verizon - Bookshelf
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They were not able to reach a mutually beneficial agreement and therefore the Verizon iPhone never materialized. Verizon eventually signed up with LG ...A Simple Guide to Verizon IPhone 4
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To place a conference call with the Verizon iPhone 4, follow these steps: 1. Place your initial call. 2. Tap Add Call and then call another number. ...IPhone 4 Portable Genius
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AT&T stays strong against threat of Verizon iPhone ...
AT&T Inc. saw a rebound in the number of new contract subscribers in the second quarter, showing resilience in the face of competition from Verizon's iPhone.
AT&T Stays Strong Against Verizon iPhone Threat " CBS Dallas ...
Verizon Wireless started selling its version of the iPhone on Feb. 10, ... There's little sign that the Verizon iPhone is prompting AT&T subscribers to jump ship: ...
Long Island Business News " AT&T strong against threat of ...
Home > News > Technology > AT&T strong against threat of Verizon iPhone ... Verizon Wireless started selling its version of the iPhone on Feb. 10, ending ...
AT&T stays strong against threat of Verizon iPhone | Wichita ...
AT&T Inc. saw a rebound in the number of new contract subscribers in the second quarter, showing resilience in the face of competition from Verizon's iPhone.
AT&T iPhone Activations Flat Quarter-to-Quarter at 3.6 ...
AT&T today announced financial results for the second quarter of 2011, revealing that its iPhone activations remained flat compared to the...