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

Australia. Trade Balance. The value of the indicator has decreased from 4.859B to 2.238B
Today at 1:37 AM
United States. Heating Oil Stockpiles. The value of the indicator has increased from -0.716M to -0.202M
Yesterday at 2:30 PM
United States. Gasoline Inventories. The value of the indicator has increased from -2.075M to 4.188M
Yesterday at 2:30 PM
United States. Gasoline Production. The value of the indicator has decreased from 0.008M to -0.491M
Yesterday at 2:30 PM
United States. Cushing Crude Oil Inventories. The value of the indicator has decreased from -0.464M to -1.493M
Yesterday at 2:30 PM
Top news
European Union. Unemployment Rate. The value of the indicator has increased from 6.2% to 6.3%
Yesterday at 9:01 AM
US Senate budget plan cuts spending for Strategic Petroleum Reserve replenishing
Yesterday at 7:20 AM
Sharp rise in copper prices doesn't indicate supply shortage risks
Yesterday at 7:02 AM
LSEG data indicate declining US LNG exports in June
Yesterday at 7:01 AM
US Treasury Secretary Bessent suggests Fed rate cuts by September
Yesterday at 6:53 AM
All news

Forecasts

EURUSD sell
Period: 08.07.2025 Expectation: 1500 pips
EURUSD rally faces potential correction toward 1.165
Indicators Chart analysis Hot news
Yesterday at 06:46 AM 47
AntonVolkov
USDCAD sell
Period: 09.07.2025 Expectation: 1400 pips
USDCAD declines amid US dollar weakness and improving Canadian trade prospects
FA Other Technical analysis Indicators and reports Indicators Fundamental analysis
Yesterday at 06:07 AM 34
Emily_Foster
BTCUSD buy
Period: 08.07.2025 Expectation: 3000 pips
Buying Bitcoin during consolidation before July growth wave with 110,000 target
FA Other Technical analysis Indicators Hot news Fundamental analysis
01 July 2025 60
Elizabeth_Kuzmicheva
Tesla Inc sell
Period: 07.07.2025 Expectation: 2000 pips
Renewed tensions between Musk and Trump weigh on Tesla shares
Indicators Chart analysis Hot news
01 July 2025 50
John_Bullard
S&P 500 sell
Period: 07.07.2025 Expectation: 1900 pips
SPX may retreat to 5,980 following all-time high
FA Other Technical analysis Indicators Hot news Fundamental analysis
30 June 2025 56
Elizabeth_Kuzmicheva
Gold sell
Period: 04.07.2025 Expectation: 5000 pips
Gold's six-month uptrend is under threat as prices test 3250 level
FA Other Chart analysis Hot news
30 June 2025 174
AntonVolkov
Go to forecasts