-
Verizon Communications topped Wall Street’s second-quarter financial estimates on strong demand for its phone and internet services by housebound customers. The telecom giant said Friday that coronavirus-induced stay-at-home orders prompted a shift to remote working and learning, helping it add 173,000 postpaid phone customers, well above analysts’ estimate of 61,200. But even as more customers …
-
HBO owner AT&T saw its profit sink in the second quarter as the coronavirus crimped advertising revenue in its entertainment division and accelerated the decline of its satellite TV business. The telecom and media giant said COVID-19-related issues cut into earnings by $830 million, including a 22.9 percent decline in revenue from its WarnerMedia entertainment …
-
Verizon said it expects profits to shrink this year as the coronavirus crisis squeezes its wireless, pay TV and media divisions. The telecom giant said Friday it lost 68,000 phone subscribers during the first quarter, due mostly to the fact that the wireless provider had to close 70 percent of its stores during the pandemic, …
Verizon Communications topped Wall Street’s second-quarter financial estimates on strong demand for its phone and internet services by housebound customers. The telecom giant said Friday that coronavirus-induced stay-at-home orders prompted a shift to remote working and learning, helping it add 173,000 postpaid phone customers, well above analysts’ estimate of 61,200. But even as more customers …
