Tablets To Spur Verizon Growth, Wells Fargo Predicts
With Verizon set to report earnings Thursday, Wells Fargo analyst Jennifer Fritzsche predicted Wednesday the carrier will report a decline of 120,000 wireless phone connections and 576,000 tablet adds, for net growth. “On the wireless side, we believe VZ had…
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a relatively quiet quarter characterized by strength in margins and churn offset by weaker service revenues and postpaid phone losses,” Fritzsche said in a note to investors, referring to the carrier's stock symbol. “We expect a lot of focus on VZ's recent acquisitions -- RYOT Corp., Complex, Awesomeness TV -- and how they fit within its digital media/AOL platforms. We do not expect any commentary around a possible Yahoo bid.”