Our calculations are based on comprehensive, delayed quotes. Actual Analyst Range Consensus. Financials Verizon Communications Inc. Quarterly Annual. Net Income 0. Sep Dec Mar Jun Sep Cellular Corp.
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USM U. Series C. Series A. Series UU. This story has been refiled to fix headline to "Investors" instead of "Investor". Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox. More from Reuters. Still, Vestberg conceded that the company won't be getting rid of its generous deals and promotions to attract new users.
So we're always going to have promos when we think it's the right timing of it. Investors may not like the sound of that — even if it is music to customers' ears.
Verizon is also now spending aggressively to upgrade its networks. Wireless companies shelled out billions of dollars to fix this 5G problem. Still, Verizon is making a clear bet that having what it hopes will be the fastest and best 5G network is the key to success. The company, under Vestberg, decided to ditch the content business. That move still may not be enough to win back Wall Street as Verizon is also being hurt by macroeconomic conditions that are out of its control.
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