The health crisis has brought global economies to a halt, but the telecom sector has been relatively less affected. With lockdowns easing, Verizon gradually reopened all of its company-operated retail stores in the quarter, implementing touch-less retail, appointments and curbside pickups.
Total operating revenue fell 4.1% to $31.54 billion, which the company attributed to lower customer activity and the timing of certain device launches.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Procter & Gamble beats estimates as sales jump 9%, raises forecastProcter & Gamble now expects sales growth of 3% to 4% during fiscal 2021, up from its prior forecast of 1% to 3%.
Source: CNBC - 🏆 12. / 72 Read more »
Snap beats user growth and revenue estimates, shares jump 18%Snap Inc , owner of the single-view messaging app Snapchat, on Tuesday beat Wall Street's third-quarter forecasts for user growth and revenue as more people signed up to chat with friends and family during the coronavirus pandemic.
Source: Reuters - 🏆 2. / 97 Read more »
Snap sales beat estimates as digital ad spending reboundsSnap Inc.'s stock price surged after the social media company reported revenue and user growth that topped estimates, fueled by jumps in ad spending and phone use.
Source: latimes - 🏆 11. / 82 Read more »
Snap Shares Jump on Unexpected Third Quarter Profit, Revenue BeatAnd the company cut its net loss to $199.8 million, compared to a $227.3 million loss in the prior year.
Source: THR - 🏆 411. / 53 Read more »
Ericsson's third-quarter earnings shine as margins rise, 5G rolls out in ChinaSweden's Ericsson on Wednesday reported quarterly core earnings that beat market estimates, helped by higher margins and China's 5G rollout, and said it was 'more confident' in meeting its 2020 targets.
Source: Reuters - 🏆 2. / 97 Read more »
Logitech shares surge as COVID-19 boosts home-workingLogitech International shares led Europe's gainers on Tuesday as the computer peripherals maker reported a big jump in second-quarter profit and again hiked its guidance amid a work-from-home boom.
Source: Reuters - 🏆 2. / 97 Read more »