Verizon Stock Sinks as Phone Subscriber Losses Exceed Forecasts
Verizon Communications stock fell Tuesday after a wider-than-estimated drop in phone subscribers outweighed first-quarter results that topped analysts' expectations.
Verizon Communications stock fell Tuesday after a wider-than-estimated drop in phone subscribers outweighed first-quarter results that topped analysts' expectations.
Security and aerospace company Northrop Grumman (NYSE:NOC) missed Wall Street’s revenue expectations in Q1 CY2025, with sales falling 6.6% year on year to $9.47 billion. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $42.25 billion at the midpoint. Its GAAP profit of $3.32 per share was 46.7% below analysts’ consensus estimates.
Gold hit a record $3,500 per ounce for the first time early Tuesday as President Donald Trump's renewed attacks on Federal Reserve Chair Jerome Powell unnerved markets and sent investors into safe-haven assets.
Wall Street's main indexes jumped at the open on Tuesday, as investors turned their focus to corporate earnings after President Donald Trump's mounting criticism of Federal Reserve Chair Jerome Powell caused a sharp selloff in the previous session. The Dow Jones Industrial Average rose 345.8 points, or 0.91%, at the open to 38,516.23. The S&P 500 rose 49.5 points, or 0.96%, at the open to 5,207.67, while the Nasdaq Composite rose 209.0 points, or 1.32%, to 16,079.94 at the opening bell.
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The past six months haven’t been great for RE/MAX. It just made a new 52-week low of $6.99, and shareholders have lost 42.9% of their capital. This was partly due to its softer quarterly results and might have investors contemplating their next move.
Titan International trades at $6.51 per share and has stayed right on track with the overall market, losing 10.5% over the last six months while the S&P 500 is down 11%. This might have investors contemplating their next move.
HP has gotten torched over the last six months - since October 2024, its stock price has dropped 33.9% to $23.95 per share. This was partly due to its softer quarterly results and might have investors contemplating their next move.
Shareholders of Wabash would probably like to forget the past six months even happened. The stock dropped 42.9% and now trades at $9.97. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
Service International currently trades at $78.99 per share and has shown little upside over the past six months, posting a middling return of 4%. However, the stock is beating the S&P 500’s 11% decline during that period.