Telecom giant Verizon Communications (NYSE: VZ) reported a decline in third-quarter revenues, reflecting the disruption caused by the pandemic. Adjusted earnings, meanwhile, remained unchanged year-over-year and exceeded the market’s forecast.
Operating revenues dropped 4.1% annually to $31.5 billion, which was broadly in line with the consensus estimate. Adjusted earnings remained unchanged at $1.25 per share. Earnings matched analysts’ estimates. Unadjusted profit was $1.05 per share, down from $1.25 per share recorded in the third quarter of 2019.
Verizon’s stock made modest gains early Wednesday following the announcement. It had closed the last trading session lower.
Walmart Inc. (NYSE: WMT) reported its first-quarter 2023 earnings results today. Total revenue rose 2.4% year-over-year to $141.6 billion, beating market expectations. Revenue growth was 2.6% in constant currency. Consolidated
Gaming company Take-Two Interactive Software, Inc. (NASDAQ: TTWO) announced fourth-quarter 2022 results Monday after the closing bell, reporting an 11% revenue growth. Fourth-quarter revenues rose to $930.0 million from $839.4
Shares of Pinterest Inc. (NYSE: PINS) stayed in green territory on Monday. The stock has dropped 40% year-to-date and 62% in the past 12 months. There is a mixed sentiment