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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Verizon Communications Inc | NYSE:VZ | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 38.93 | 39.195 | 38.75 | 39.02 | 13,195,567 | 00:59:44 |
From May 2019 to May 2024
By Micah Maidenberg
Verizon Communications Inc. narrowed its adjusted-profit forecast for the year.
The telecommunications company on Wednesday said it now expects adjusted profits, on a per-share basis, to be flat or rise 2%.
Previously, Verizon had said it expected those earnings could fall by as much as 2% for the year or rise as much 2%.
"This update includes the previously discussed accounting headwinds, impacts from Covid-19, and new device launches in fourth-quarter 2020," Verizon said of the new adjusted-profit outlook.
Verizon said it believes total wireless-service revenue will grow at least 2% in the fourth quarter compared with last year.
It also said capital spending is now expected to be at the higher end of its $17.5 billion to $18.5 billion range.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
October 21, 2020 08:15 ET (12:15 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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