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

United States. CPI (MoM). The value of the indicator has decreased from 0.3% to 0.2%
1 hour ago
United States. CPI (YoY). The value of the indicator has decreased from 2.7% to 2.4%
1 hour ago
European Union. GDP (QoQ). The value of the indicator remained at the same level of 0.3%
Today at 10:01 AM
European Union. GDP (YoY). The value of the indicator remained at the same level of 1.3%
Today at 10:01 AM
European Union. Employment Change (QoQ). The value of the indicator remained at the same level of 0.2%
Today at 10:00 AM
Top news
United States. CPI (YoY). The value of the indicator has decreased from 2.7% to 2.4%
1 hour ago
European Union. GDP (QoQ). The value of the indicator remained at the same level of 0.3%
Today at 10:01 AM
European Union. Trade Balance. The value of the indicator has increased from 9.3B to 12.6B
Today at 10:00 AM
United States. Nonfarm Payrolls. The value of the indicator has increased from 48K to 130K
11 February
United States. Unemployment Rate. The value of the indicator has decreased from 4.4% to 4.3%
11 February
All news

Forecasts

AUDCAD buy
Period: 20.02.2026 Expectation: 1050 pips
AUDCAD correction may relieve technical tension before next leg up
TA Other Technical analysis FA Other Indicators Fundamental analysis
Today at 10:16 AM 10
Lyra_Moonwell1
Lyra_Moonwell1
Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
GBPUSD sell
Period: 20.02.2026 Expectation: 1130 pips
GBPUSD loses ground on lower expectations of Fed rate cuts
Indicators and reports Technical analysis FA Other Indicators Fundamental analysis
Today at 08:07 AM 9
Emily_Foster
Gold buy
Period: 28.02.2026 Expectation: 12000 pips
Buying gold up to $5,100
Indicators and reports Chart analysis
Today at 07:11 AM 16
McCarthy_Raymond
Natural gas sell
Period: 19.02.2026 Expectation: 500 pips
Selling natural gas amid milder weather and higher production
TA Other Technical analysis Indicators
Yesterday at 10:40 AM 61
Lyra_Moonwell1
Lyra_Moonwell1
Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
ETHUSD buy
Period: 19.02.2026 Expectation: 18000 pips
Investing in ETHUSD on current slump before momentum picks up after selloff ends
Indicators and reports Technical analysis FA Other Indicators Fundamental analysis
Yesterday at 09:19 AM 36
Emily_Foster
S&P 500 buy
Period: 31.05.2026 Expectation: 2000 pips
Keep buying SPX
Indicators and reports Chart analysis
Yesterday at 07:55 AM 28
McCarthy_Raymond
Go to forecasts