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☆ Verizon CEO Hans Vestberg on Q1 results: Continued, good momentum for us
▼ + stars: | 2024-04-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVerizon CEO Hans Vestberg on Q1 results: Continued, good momentum for usVerizon Chairman and CEO Hans Vestberg joins 'Squawk Box' to discuss the company's quarterly earnings results, streaming partnerships, the rollout of fixed-line wireless, strength of the consumer, and more.

Persons: Hans Vestberg Organizations: Verizon

☆ Verizon reports fewer quarterly subscriber losses on flexible plan demand
▼ + stars: | 2024-04-22 | by ( ) www.cnbc.com time to read: +2 min

It lost 68,000 monthly bill-paying wireless phone subscribers between January and March - a seasonally soft period for the industry after the holiday quarter. Verizon has also partnered with streaming services to attract customers. Verizon's consumer business saw its best first-quarter performance since 2018, with 158,000 wireless retail postpaid phone net losses, compared with 263,000 losses a year ago. The firm reported revenue of $33 billion for the quarter, compared with an LSEG estimate of $33.24 billion, as phone upgrade levels continued to drift lower. Excluding items, the company reported a profit of $1.15 per share, beating an LSEG estimate of $1.12 per share.

Persons: Max, Hans Vestberg, Verizon's Organizations: Verizon Communications, Netflix, Warner Bros, The, Verizon Locations: The New York

☆ Verizon CEO: Building customized networks for the NFL and adding stadium capacity
▼ + stars: | 2024-02-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVerizon CEO: Building customized networks for the NFL and adding stadium capacityVerizon CEO Hans Vestberg joins 'Money Movers' to discuss why it's a good idea to buy a Super Bowl ad despite the high cost, Verizon's network capacity, and the goals of the new chief marketing officer.

Persons: Hans Vestberg Organizations: Verizon, NFL

☆ Verizon stock soars to its best day in almost 15 years
▼ + stars: | 2023-10-24 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +1 min

Verizon CEO Hans Vestberg on the floor at the New York Stock Exchange (NYSE) in New York, U.S., October 22, 2019. Verizon stock closed up more than 9%, making it the compnay's best daily performance in almost 15 years. Verizon posted revenue of $33.34 billion, versus the estimated $33.25 billion, and adjusted earnings per share of $1.22, versus the $1.18 estimate. Verizon also adjusted its 2023 outlook, saying it expects free cash flow to total more than $18 billion, a $1 billion increase from previous guidance. The last time Verizon had its stock jump like this, the company had not even launched its 4G LTE wireless network in the U.S.

Persons: Hans Vestberg Organizations: Verizon, New York Stock Exchange, LSEG, StreetAccount, U.S, CNBC Locations: New York, U.S

☆ Phone calls might be dying — but they're still alive at work. Here's how etiquette experts say you should handle them.
▼ + stars: | 2023-09-28 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

Etiquette experts say phone calls aren't going away at the office — even if they are personally. But even as phone calls fall out of favor in our personal lives, they're not extinct in a work setting. Etiquette experts say phone calls are still necessary in the office — there's just a certain time and place for them. Insider spoke to two experts about the state of work-related phone calls in 2023. AdvertisementAdvertisementVerizon Communications CEO Hans Vestberg makes about 30 work calls per week to "people that make a difference" at the company, CNBC reported.

Persons: aren't, it's, —, Slack pings, they're, there's, people's, Lisa Grotts, Grotts, Kleeman, It's, Hans Vestberg, Vestberg, he's, you've Organizations: Service, New Workforce, Verizon, CNBC

☆ Verizon's CEO swears by a simple 1-question morning routine: It gets you into the 'right mood and right energy'
▼ + stars: | 2023-09-24 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

For Verizon CEO Hans Vestberg, self-reflection is serious business. Vestberg started the routine in 2009 after becoming CEO of Swedish telecommunications company Ericsson, and he's done it "every day" since, he said. Each morning, Vestberg ranks his mood "from 1 to 10," he said, helping him get into the "right mood and right energy" to do his job. Jerry Colonna, an executive coach sometimes known as the "CEO whisperer," has a similar routine called "radical self-inquiry" that he says helps him make better decisions. "Spend a few minutes each day, but not the entire day, asking questions like how am I really feeling?

Persons: Hans Vestberg, Vestberg, He's, Jerry Colonna, Colonna, Juliette Han Organizations: Verizon, Fast, Ericsson, CNBC, Harvard

☆ Verizon CEO shares his weekly strategy to motivate people around him—it involves actually picking up the phone
▼ + stars: | 2023-09-21 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

You can motivate others at work simply by picking up the phone, according to Verizon Communications CEO Hans Vestberg. "I now have all these friends out there that actually want to work here, work together and get our job done. Bosses should make more of an effort to have regular chats with their employees, research shows. Seventy percent of workers say they want more daily or weekly check-ins than they're currently getting, according to a 2022 report from RedThread Research, a research services company. Kickstarter CEO Everette Taylor, for example, told Make It last month that he wouldn't have gotten his job without it.

Persons: Hans Vestberg, Vestberg, GoodRx, Doug Hirsch, Hirsch, TINYpulse, they're, Everette Taylor Organizations: Verizon Communications, Verizon, Fast, CNBC, RedThread Research

☆ Top Wall Street analysts select these dividend stocks to enhance returns
▼ + stars: | 2023-09-10 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

To that effect, here are five attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. The analyst increased his price target for Verizon stock by $1 to $40, while maintaining AT&T's price target at $17. Also, he expects the prospects for improved free cash flow to lower net debt leverage and support the dividend payments. That said, with expectations of higher cash flow generation, Crum said that "the company should have more flexibility around growing its dividend going forward." (See Hasbro Stock Chart on TipRanks)Dell TechnologiesNext up is Dell (DELL), a maker of IT hardware and infrastructure technology, which rallied after its fiscal second-quarter results far exceeded Wall Street's estimates.

Persons: Hans Vestberg, Brendan McDermid, Wall, Michael Rollins, Rollins, MDT, Rick Wise, Geoff Martha, Wise, Drew Crum, Crum, TipRanks, Amit Daryanani, Daryanani, Dell Organizations: DELL, Verizon, New York Stock Exchange, Analysts, Verizon Communications, Citi, AT, Verizon Hedge, Hasbro, Dell Technologies, Dell, TipRanks, GPU, Walmart, &' $ Locations: New York, U.S

☆ Verizon just lost another senior marketing exec
▼ + stars: | 2023-08-22 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +3 min

Verizon senior vice president of consumer marketing Nina Bibby is set to leave the company. Her impending departure comes months after that of former Verizon CMO Diego Scotti. Verizon's senior vice president of consumer marketing Nina Bibby has decided to leave the business to return to the UK from the US, a spokesperson for the company confirmed. Chief strategy officer and executive vice president Rima Qureshi stepped in to lead the centarl marketing team on an interim basis. Read the full email from Frank Boulben, chief revenue officer for Verizon Consumer Group, about Nina Bibby's departure below:Team -Nina Bibby, SVP of Consumer Marketing, has decided to return to the UK with her family and will be leaving Verizon.

Persons: Nina Bibby, Verizon's, Bibby, Arturo Picicci, Frank Boulben, ., Diego, Rima Qureshi, Hans Vestberg, Nina Bibby's, Nina, Frank Organizations: Verizon, Verizon CMO Diego Scotti . Telecommunications, LinkedIn, Verizon Consumer Group, . Bibby, O2, Virgin Media, Street Journal, Verizon Wireless, Mobile, Consumer Marketing, Revenue Locations: Boulben

☆ Verizon searching for new finance chief and potential CEO successor - WSJ
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +1 min

June 12 (Reuters) - Verizon Communications (VZ.N) is searching for a new finance chief and looking for potential candidates to later succeed CEO Hans Vestberg, the Wall Street Journal reported on Monday citing people familiar with the matter. The company had reshuffled its senior leadership roles in March and appointed Tony Skiadas to replace former Chief Financial Officer Matt Ellis while naming Sowmyanarayan Sampath as the CEO of Verizon Consumer Group. Verizon did not immediately respond to a Reuters request for comment. The company is working with executive recruiting and advisory firm Spencer Stuart, the report added. Reporting by Chavi Mehta in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Hans Vestberg, Tony Skiadas, Matt Ellis, Sampath, Vestberg, Spencer Stuart, Chavi Mehta, Krishna Chandra Organizations: Verizon Communications, Wall Street, Verizon Consumer Group, Verizon, Thomson Locations: Bengaluru

☆ Verizon Shakes Up Executive Team After Tough Year
▼ + stars: | 2023-03-03 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

Verizon remains the largest U.S. cellphone carrier in terms of subscribers, but it has ceded ground over the past couple of years. Verizon Communications Inc. said its finance chief is leaving and named a new head of its consumer business, a management shuffle that sets up a contest to succeed Chief Executive Officer Hans Vestberg . The shake-up comes as Verizon ’s consumer group, its largest division, has struggled to hang on to its core subscriber base in competition from rivals AT&T Inc. and T-Mobile US Inc.

☆ AT&T shares jump as subscriber growth tops analyst expectations
▼ + stars: | 2023-01-25 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

AT&T shares jumped on Wednesday after the carrier reported fourth-quarter subscriber growth that exceeded Wall Street's estimates, shrugging off its rivals' lower pricing strategies. The U.S. phone service provider added 217 million total subscribers across all of its divisions for the fourth quarter, beating StreetAccount estimates of 215 million. New phone subscribers specifically, however, missed analyst expectations, coming in at 656,000 net adds, versus an estimate of 678,400, according to StreetAccount. The company reported a phone churn rate of 0.84%, a slight improvement from a churn rate of 0.85% during last year's fourth quarter. It added 217,000 phone subscribers, up from 8,000 in its third quarter but trailing behind AT&T's subscriber growth.

CNN —The US could be approaching a 2011-style debt ceiling market meltdown, but worried investors shouldn’t abandon ship, Wall Street analysts say. That means that if Congress doesn’t raise the debt ceiling by then, the US could default on its debt. But lawmakers remain in a deadlock about whether to lift their self-imposed borrowing limit: Democrats want Congress to pass a debt ceiling increase without conditions but Republican leadership says that any debt limit increase should be accompanied by spending cuts. Wall Street’s response: A debt ceiling meltdown creates serious risk for investors. Even if the debt ceiling debates are resolved, it’s not a bad idea to have some money invested abroad just in case of upheaval.

☆ Verizon Adds Subscribers as Earnings Guidance Falls Short of Forecasts
▼ + stars: | 2023-01-24 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

Verizon expects 2023 adjusted earnings of $4.55 to $4.85 a share, below Wall Street expectations of $4.96 a share. Verizon Communications Inc. posted higher revenue for the recently ended quarter as the company added to its industry-leading base of subscribers. Verizon reported a net gain of 217,000 phone connections under postpaid billing plans during the December quarter, excluding the impact from the decommissioning of the company’s 3G network. The gains marked a reacceleration of growth in the company’s consumer-focused unit, which Chief Executive Hans Vestberg took over last month.

☆ Verizon CEO on earnings and 2023 outlook
▼ + stars: | 2023-01-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVerizon CEO on earnings and 2023 outlookVerizon CEO Hans Vestberg joins 'Squawk Box' to discuss Verizon's stock performance after the company's earnings results. The company posted mixed results for the 2022 fourth quarter.

☆ Verizon CEO Hans Vestberg to Take Over Consumer Unit After Executive Exit
▼ + stars: | 2022-12-05 | by ( Drew Fitzgerald | ) www.wsj.com time to read: 1 min

CEO Hans Vestberg said he would focus on more consistency between Verizon’s network product and its operational results. Verizon Communications Inc. replaced consumer unit chief Manon Brouillette after a little less than a year in the role, the latest sign of the wireless company’s struggle to appeal to nonbusiness clients. The cellphone carrier said Monday that Chief Executive Hans Vestberg , 57, would assume the immediate responsibilities of Ms. Brouillette, 54. Mr. Vestberg said in a statement that he would focus “on driving a closer consistency between the top quality network product we’re bringing to market and the operational results we’re producing.”

☆ Verizon CEO Hans Vestberg discusses earnings, price increases and health of US consumer
▼ + stars: | 2022-10-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVerizon CEO Hans Vestberg discusses earnings, price increases and health of US consumerVerizon CEO Hans Vestberg joins CNBC's to react to the company's third-quarter earnings and weighs in on the health of the U.S. consumer amid high inflation.

☆ Watch CNBC's full interview with Verizon CEO Hans Vestberg on earnings
▼ + stars: | 2022-10-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Verizon CEO Hans Vestberg on earningsVerizon CEO Hans Vestberg joins CNBC's to react to the company's third-quarter earnings and weighs in on the health of the U.S. consumer amid high inflation. Vestberg also breaks down the company's price increases, new capital expenditure, growth in wireless, and more. "It was a deliberate decision to do a price adjustment," Vestberg tells CNBC.

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