Excluding one-time charges Verizon earned 56 cents per share, beating Wall Street expectations by 2 cents a share. Operating revenue fell 3 percent to $26.5 billion, though it was still a hair more than analysts expected. Verizon is earning more per subscriber -- monthly data revenue per user rose 17.6 percent to $18.20, with some of the highest margins in the industry.
Stocks continued to trade mixed, with the tech-heavy Nasdaq performing best, despite a batch of largely stronger earnings reports. American Express fell, while HP rose.
The Dow opened flat despite largely stronger earnings reports before the bell, and as investors turn their attention to how finance ministers from the Group of 20 major advanced and developing countries will address currency tensions as they meet in Korea. American Express fell, while BofA rose.
Stock index futures pointed to a slightly higher open for Wall Street as investors turn their attention to a two-day meeting of finance ministers from the Group of 20 major advanced and developing countries in South Korea which starts on Friday and will address rising tensions over currency depreciation.
The falling dollar's strong grip on financial markets has inflated market expectations for the weekend G-20 finance ministers meeting in Korea, but the gathering is unlikely to end with little more than a few loose promises.
What follows is a roundup of corporate earnings reports for Friday, Oct. 22.
What makes a defensive player more marketable? If it’s big hits, does that mean that the NFL’s announcement that hits that could cause head and neck injuries will affect the commercial potential of defensive players? One marketing executive says no.
Here is a look at how the Dow components have fared since Lehman’s bankruptcy on September 15, 2008.
AT&T reported a record number of iPhone activations — 5.2 million — blowing past Wall Street estimates. This is one of the last quarters when AT&T will have exclusive access to Apple's iPhone spacer, so all these new subscribers locking themselves in for a 2-year contract is a positive.
Stocks closed sharply higher Wednesday, nearly wiping out losses from the previous session, after the Federal Reserve reported it has seen "modest signs of growth" in the economy and as investors focused on strong earnings reports and a slide in the dollar. Boeing and DuPont rose, BofA fell.
Stocks lost a little ground in the final minutes of trading, but were still significantly higher, after the Federal Reserve reported it has seen "modest signs of growth" in the economy and as investors focused on strong earnings reports and a slide in the dollar. Boeing and Intel rose.
As News Corp's negotiations with Cablevision drag out through a fourth day, the cable company's three million customers in the tri-state area are increasingly frustrated about missing out on football. That means a big win for Verizon's FiOS fiber optic system, which is available to the very same area that's suffering with Cablevision right now.
It's day three of Cablevision and Fox's standoff over a new contract and talks broke off Monday afternoon with no progress. After negotiating in person at News Corp headquarters in midtown, Fox execs are flying back to LA, to resume talks over the phone tomorrow.
It's back to basics for stocks in the coming week, as a tidal wave of earnings overwhelms economic reports and shifts investor focus temporarily to the health of corporate balance sheets.
The Lightning Round is extended in this CNBC.com exclusive feature.
The "Mad Money" host shares his “Game Plan” going into the thick of the season.
A growing cottage industry of so called "nanny apps" allow parents to monitor their children from or via a mobile device., but is it also feeding into Internet-based paranoia?
Stocks came back from the lows of the session in the last few minutes of the session to end just slightly lower after a tepid government bond auction, a disappointing jobs report and the fallout continued over foreclosure practices at major banks. Bank of America and JPMorgan fell, while McDonald's rose.
Stocks pulled back from the lows of the session but remained down after a tepid government bond auction, a disappointing jobs report and the fallout continued over foreclosure practices at major banks. Bank of America and JPMorgan fell, while McDonald's rose.
Financials weighed heavily on the broader market Thursday amid the mounting foreclosure mess and following mixed reviews on JP Morgan earnings. Piper Jaffray President and Chief Operating Officer Thomas Schnettler shared his outlook on the banking sector and how business is doing at his own company.