What’s Next for Verizon?
On Friday, Cramer received still one more reason for liking Verizon Communications. The company reported better-than-expected earnings, 56 cents a share on a 54-cent consensus estimate, nearly 1 million net wireless subscriber additions, a 26-percent jump in data revenues and a slowing of line losses on the legacy wire-line side of the business.
And that’s on top of the fact that Verizon will soon sell Apple’s uber-popular iPhone and iPad devices. The growth alone is reason to own VZ, but Cramer’s also a big fan of the 6-percent dividend yield.
In fact, the only disappointing part of this story that the “Mad Money” host sees is the loss of Chief Financial Officer John Killian, who is retiring. After 31 years with Verizon, that’s a big loss for the company. But Cramer thinks the bench there is strong, so he’s expecting still more good things to come.
But to get a final check-in with Killian, and to hear more about the quarter and what’s next for Verizon, Cramer invited the CFO back to the show. Watch the video for the full interview.
When this story published, Cramer’s charitable trust owned Apple.
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