Pompano Beach, FL -- (SBWIRE) -- 01/22/2013 -- No Limit Stocks - NOLIMITSTOCKS.com covers all the latest on up and coming stocks in the market. No limit Stocks team contain experts that study and analyzes the stock market and help individuals break through the limits and make them better & more successful investors.
Verizon Communications Inc. (NYSE:VZ), a US telecommunications group, on Tuesday announced weaker-than-projected wireless operating profit margin because of large costs from the sale of smartphones such as Apple's iPhone.
The Q4 net loss attributable to Verizon increased to $4.23 billion, or $1.48 a share, as compared to $2.02 billion, or 71 cents a share in the year-earlier quarter.
How Should Investors Trade VZ Now? Don’t Miss out a Special Trend Analysis
Without unusual objects such as the charge from Sandy and its pension liabilities, it would have recorded 38 cents a share in earnings, well lower than Wall Street forecasts of 50 cents per share, in relation to Thomson Reuters I/B/E/S.
Operating revenue advanced 4.5% to $30.05 billion and compared with forecasts of $29.83 billion, as stated by Thomson Reuters I/B/E/S.
At the current trading session, Verizon Communications Inc. (NYSE:VZ) shares gained +0.02% to $42.55 while The Stock traded within the range of $42.54 – $43.42. In the past year, the stock has traded within a range of $36.80 – $48.77. The current session’s volume of 7.88 million shares is down from the average daily trading volume of 13.28 million shares.
Will VZ Continue To Move Higher? Find Out Here
While If we look at the few other stocks within industry, EarthLink, Inc., Alaska Communications Systems Group, Inc and TW Telecom Inc are remain in the losers list. Let’s have a quick look on their Market performance.
EarthLink, Inc. (NASDAQ:ELNK) shares are down -0.47% to $6.38 while the stock is traded within the range of $6.36 – $6.48 in the current trading session. In the last 12 months the shares have traded between $5.94 and $8.59. The current session’s volume of 80,520 shares is lower than their average daily trading volume of 493,062 shares.
Why Should Investors Buy ELNK After the Recent Fall? Just Go Here and Find Out
Alaska Communications Systems Group, Inc (NASDAQ:ALSK) shares in the current session moved down -0.51% reaching at $1.96. The stock traded in a range of $1.95 – $1.98. In the last year the stock has moved within a range of $1.73 – $3.73. The current session’s volume of 72,190 shares is lower from their average daily trading volume of 313,461 shares.
Has ALSK Found The Bottom and Ready To Move Up? Find Out Here
Another rival company TW Telecom Inc (NASDAQ:TWTC) trading down -0.41% to $26.70. Intraday trading recorded the stock price in a range of $26.58 to $26.84. In the previous 52 weeks the stock’s price ranged between $19.70 and $27.86. The current session’s volume of 56,641 shares was down from their average daily trading volume of 938,674 shares.
Will TWTC Get Buyers Even After The Recent Rally? Find Out Here
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