(Reuters) -Verizon added more wireless subscribers than expected in the third quarter as the U.S. telecom giant’s promotional offers and plans that bundle 5G with streaming services such as Netflix helped attract customers.Growing adoption of the company’s myPlan, a customizable offering that includes streaming perks such as Disney+, Hulu and Max for an extra cost, has helped Verizon stay resilient in the competitive U.S. telecom market.The company added 239,000 net monthly bill-paying wireless phone subscribers in the September quarter, compared with expectations of 218,100 additions, according to FactSet. It posted 148,000 additions for the June quarter.Postpaid phone churn, or the…
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Image source: Getty Images Can the FTSE 100 make investors rich? Many people probably write it off as a chugging dividend payer full of stodgy but well-established businesses. The fast action is in the US market, some would argue, where mighty tech companies are defying the laws of valuation and rocketing higher without a care in the world. Home-grown outperformers However, the Footsie has within its ranks some powerful market movers that have been leaving the performance of the overall index far behind. To my shame, I’ve been asleep at the wheel with one of them. But had I been…
A person walks by a Verizon store on January 23, 2024 in Corte Madera, California. Justin Sullivan | Getty ImagesVerizon added more wireless subscribers than expected in the third quarter as the U.S. telecom giant’s promotional offers and plans bundling 5G with streaming services like Netflix helped attract customers.Growing adoption of the company’s myPlan, a customizable offering that includes streaming perks such as Disney+, Hulu and Max for an extra cost, has helped Verizon stay resilient in the competitive U.S. telecom market.The company added 239,000 net monthly bill-paying wireless phone subscribers in the September quarter, compared with expectations of 218,100 additions,…
NEW YORK – Kimberly-Clark Corporation (NYSE:) reported third quarter 2024 results on Thursday, beating earnings estimates but falling short on revenue expectations. The company also adjusted its full-year organic sales growth outlook. The consumer products giant posted adjusted earnings per share of $1.83, surpassing the analyst consensus of $1.70. However, revenue for the quarter came in at $5 billion, below the $5.06 billion analysts had projected. Net sales decreased 4% compared to the prior year, impacted by negative foreign currency translation of approximately 3% and the divestiture of the K-C Professional Personal Protective Equipment business, which accounted for about 1%…
German manufacturers are increasingly directing investments to the US, especially in sectors that use lots of energy and are thus more exposed to higher costs at home, according to the Bundesbank. Source link
Image source: Getty Images Since the start of the year, the Barclays (LSE:BARC) share price has jumped from £1.55 to £2.42, making the stock one of the FTSE 100’s best performers of 2024. But what’s next? The average analyst price target’s around 13.5% higher than the current share price. And there are some clear signs things could be set to improve for the bank. Analyst expectations The average price target for Barclays shares is £2.75, implying optimism in the stock. But there’s quite a wide range of forecasts and not all are so positive. The highest estimate I can find…
SEC charged the firm with making misstatements and compliance failures. Source link
Goldman Sachs has reiterated its Buy rating on Hexcel Corp . (NYSE: NYSE:), maintaining a price target of $65.00. The firm’s analysis followed Hexcel’s third-quarter results for 2024, which aligned with consensus expectations in terms of revenue and earnings per share (EPS), but fell short in segment earnings before interest and taxes (EBIT) and free cash flow (FCF). The company witnessed a high-single-digit sales growth, largely propelled by robust commercial aerospace revenue. This growth occurred despite experiencing slowdowns in the 737 MAX program and the industrial segment. Hexcel’s segment EBIT margin stood at 14.5%, which was 30 basis points below…
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with:The broadening of the stock market rally has become a crucial theme during the second half of 2024.Amid the start of rate cuts — and economic data that’s showed the US economy remains in better shape than initially feared — the recent push to new record highs has largely been about companies not named Apple (AAPL), Alphabet (GOOGL, GOOG), Microsoft (MSFT), Amazon (AMZN), Meta (META), Tesla (TSLA), or Nvidia (NVDA).But the debate over whether the market’s next leg higher…
Image source: Getty Images There are many dividend-paying companies in the UK market, and it’s achievable to aim for a Stocks and Shares ISA capable of yielding 4% a year. To get £700 monthly from a 4% dividend income, the value of the portfolio would need to be around £210,000. But it’s possible to build the value of an ISA account over time. One way is to invest regular monthly sums of money, perhaps while earning an average salary. Targeting compounded returns Meanwhile, the long-term compounded total return from the stock market is often quoted at about 7% or slightly…