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.
Nvidia Corporation (NASDAQ: NVDA) Wednesday said its fourth-quarter revenues and profit increased in double-digits amid elevated demand. The results also topped the Street view, driving the stock higher during the
Nutanix (NASDAQ: NTNX) reported second quarter 2021 earnings results today. Total revenue remained flat at $346.4 million compared to the same period a year ago. GAAP net loss was $287.3
Shares of Macy’s Inc. (NYSE: M) were down 2.7% in morning trade on Wednesday. The stock has gained 37% since the beginning of the year. A day ago, the retailer