(Bloomberg) -- Verizon Communications Inc. missed profit estimates while adding more than a million new wireless subscribers, a possible precursor to challenges ahead as the company races against rivals in a costly nationwide expansion of next-generation 5G wireless services.Earnings, excluding some items, totaled $1.13 a share. The number of regular monthly wireless subscribers rose by 1.25 million, which includes new phones, hot spots, smartwatches and other connected devices, according to the statement. Analysts expected earnings of $1.15 a share and 1.23 million new wireless subscribers. Revenue of $34.8 billion was ahead of estimates.Verizon’s gains in regular monthly subscribers were boosted by offering free limited-time access to the Disney+ video streaming service to wireless customers as part of an enticement to get them to select higher-tiered unlimited data plans. The undisclosed cost of that promotion and the amount paid to Walt Disney Co. for each subscriber helped put a dent in the...
Mark Suchinski, vice president of quality and former principal accounting officer at the company, has replaced Jose Garcia as chief financial officer (CFO). The company said both its CFO as well as its current principal accounting officer, John Gilson, have handed in their resignations. "However, the review is ongoing and no final conclusion has been made," Spirit said, adding that it would cooperate with any inquiries the U.S. Securities and Exchange Commission may have....
The company's biggest customer, Boeing, said on Wednesday it was expecting to resume MAX production ahead of a regulatory approval for the jet's return to service by mid-2020. Spirit also replaced its Chief Financial Officer Jose Garcia with Mark Suchinski, who was vice president of quality at the company, after identifying non-compliance in certain accounting processes. Spirit's stock fell more than 7% in premarket trade....
Last year, Peter Hsiao learned about high-yield savings accounts from his friend, and within a week, he had opened one. If getting the best rate made you choose an online savings account, should you keep chasing the highest rate — even if it means switching accounts again? If the rate on your savings account is close to the national average and you’re comfortable with an online bank, consider switching to a high-yield account....
