Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
24 October 2022 | Other

Verizon profit declines due to loss of subscribers

Verizon Communications Inc, the major U.S. wireless operator, expectations for the number of customers in the third quarter fell short as increasing the prices of plans forced many users to replace Verizon with a more affordable wireless operator. That's what Matt Ellis, Verizon's chief financial officer, said. He also noted that the situation isn’t likely to change in the next quarter.

By Verizon's own calculations, 198,000 customers left them after the company introduced additional services to already expensive plans at the beginning of the summer. At the same time, the company's profits fell by more than 20%.

Company MarketCheese

Recommended

European Union. CPI (MoM). The value of the indicator has increased from 0.6% to 1.2%
Today at 9:02 AM
European Union. CPI (YoY). The value of the indicator has increased from 1.9% to 2.5%
Today at 9:00 AM
Germany. German Unemployment Rate. The value of the indicator remained at the same level of 6.3%
Today at 7:55 AM
United Kingdom. GDP (YoY). The value of the indicator remained at the same level of 1%
Today at 6:01 AM
Germany. German Retail Sales (MoM). The value of the indicator has increased from -1.1% to -0.6%
Today at 6:01 AM
Top news
European Union. CPI (MoM). The value of the indicator has increased from 0.6% to 1.2%
Today at 9:02 AM
European Union. Manufacturing PMI. The value of the indicator has increased from 50.8 to 51.4
24 March
European Union. Trade Balance. The value of the indicator has decreased from 11.2B to -1.9B
20 March
European Union. Deposit Facility Rate. The value of the indicator remained at the same level of 2%
19 March
European Union. ECB Interest Rate Decision. The value of the indicator remained at the same level of 2.15%
19 March
All news

Forecasts

Brent buy
Period: 03.04.2026 Expectation: 250 pips
Investing in Brent crude with $113 in view
FA Other Indicators and reports Hot news
Today at 11:57 AM 3
Reed_Marcus
AUDUSD buy
Period: 07.04.2026 Expectation: 920 pips
Buying AUDUSD with 0.6945 in sight as technicals flash oversold
Technical analysis TA Other Indicators Hot news Fundamental analysis
Today at 11:49 AM 5
Lyra_Moonwell1
Tesla Inc sell
Period: 30.04.2026 Expectation: 5500 pips
Selling Tesla stocks upon breaking support
FA Other Indicators and reports Chart analysis Hot news
Today at 10:47 AM 7
Sinclair_John
BTCUSD sell
Period: 07.04.2026 Expectation: 5100 pips
Selling Bitcoin with $62,500 target on weakening buying interest from major players
Technical analysis FA Other Indicators Hot news Fundamental analysis
Today at 08:16 AM 15
Emily_Foster
Silver buy
Period: 06.04.2026 Expectation: 6500 pips
Active silver sell-off gives way to accumulation phase
Technical analysis TA Other FA Other Indicators Fundamental analysis
Yesterday at 11:52 AM 50
Lyra_Moonwell1
EURUSD sell
Period: 29.05.2026 Expectation: 3600 pips
Selling EURUSD down to 1.11500
FA Other Indicators and reports Chart analysis Hot news
Yesterday at 11:09 AM 29
Reed_Marcus
Go to forecasts