Verizon Q4 Misses By A Penny; iPhone Hurts Wireless Margins

Apple Inc's shareholders have been hit by one of the bloodiest weeks in the history of the stock, but wider fallout from such weakness might be more important to the long-term value of their investments.

Verizon this morning posted slightly better than expected Q3 financial results. The carrier reported revenue of $27.91 billion, up 5.4% from a year ago, and just a tad ahead of the Street consensus at $27.88 billion. Non-GAAP profits of 56 cents a share were a penny ahead of the Street at 55 cents. EBITDA of ...

Zacks.com submits: Brazilian fixed-line carrier Telecomunicacoes de Sao Paulo SA (TSP), commonly known as Telesp, reported fourth-quarter 2009 earnings per ADS of 62 cents falling short of the Zacks Consensus Estimates of 64 cents.

Zacks.com submits: Regional US telecom carrier Cincinnati Bell (CBB) announced fourth quarter results with adjusted earnings per share (EPS) of 10 cents, falling a penny shy of the Zacks Consensus Estimate of 11 cents. The result was flat year-over-year. For full year 2009, adjusted EPS was 42 cents, missing the Zacks Consensus Estimate of 44 cents.

Zacks.com submits: Citigroup Inc. (C) reported first quarter 2011 earnings of 10 cents per share, a penny ahead of the Zacks Consensus Estimate. The result also improved from the prior quarter earnings of 4 cents but fell short of the 14 cents earned in the year-ago quarter.

Zacks.com submits: Yesterday, after market close, Amdocs Limited (DOX) declared financial results for the first quarter of fiscal 2011 that were slightly below our expectations. However, Amdocs has given a solid financial outlook for the ensuing second quarter attributable to healthy demand trend.

Xerox this morning posted Q1 results that were in line with Street estimates. The company reported revenue of $5.50 billion, up 1% from a year ago, or 2% in constant currency, and about in line with the Street at $5.45 billion. Non-GAAP profits of 23 cents a share matched the Street consensus. While services revenue ...

Storage and IT software vendor EMC this morning posted slightly better-than-expected Q4 financial results. For the quarter, the company posted revenue of $5.6 billion, up 14% from a year ago, and a bit ahead of the Street at $5.49 billion. Non-GAAP profits for the quarter were 49 cents a share, ahead of the Street at ...