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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 662.72+0.4%Nov 19 4:00 PM EST
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To: Johnny Canuck who wrote (36059)2/1/2002 6:31:12 PM
From: Johnny Canuck  Read Replies (1) of 68127
 
Verizon Meets Views On Flat Net
The No. 1 U.S. local phone firm earned 77 cents a share in Q4, flat with a year ago. Including a $4.1 bil charge, it lost $2 bil as it cut jobs and fixed Sept. 11-damaged networks. Sales rose less than 1% to $17 bil. Telecom suffered as businesses needed fewer phone lines and delayed upgrades. Verizon (VZ) expects '02 revenue to climb 3%- 5%. It reiterated profit estimates of $3.25, up 8%.
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