Boring is beautiful. Blue chip phone company, Verizon (VZ) is jumping 4% on earnings as revenue rose 5.2% to $34.5 billion. Verizon credits their Verizon’s premium plans for better-than-expected earnings. Guidance was good as the new tax legislation will save the company money and improve cash flow.
Domino’s Pizza (DPZ) is down 2% on earnings. Earnings actually missed estimates as sales rose 4% to $1.15 billion. Net income missed estimates, but global sales remain strong and their stuffed crust pizzas continue to drive demand.
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