Diamonds and Dogs
1/24/25
Verizon (VZ) higher on earnings and guidance. The telecommunications giant beat earnings and sales guidance for the quarter, forecasting inline guidance, but growth for 2025. Earnings and guidance was better than expected due to price hikes and net new subscribers for the quarter. Verizon was given approval to acquire Frontier Communications for $9.6 billion.
More earnings keep rolling out. Texas Instruments (TXN) is down 5% on lower fourth quarter earnings and sales while their earnings forecast falls short of expectations. The company does see growth going forward, but it looks to be a slow recovery. American Express is down 3% even as earnings and sales beat expectations. The company did raise their dividend 17%.
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