Verizon Growth Continues Verizon (VZ) reported earnings for its fiscal third quarter. The second-largest phone company in the US said profits came in at $0.60 a share beating analyst estimates by a penny.Revenues grew 10.2% year-over-year to $27.27 billion vs. estimates of $27.17 billion. Verizon said its wireless customers grew to 89 million an increase of 26% while retail customers hit 86 million an increase of 25%.Excluding acquisitions and adjustments this marked a net increase of 1.2 million customers.Chairman and CEO Ivan Seidenberg noted that even through the worst of the recession the company continued to raise its dividend ...

November marks a year since Direxion introduced its Daily Financial Bull 3X Shares (FAS) Daily Financial Bear 3X Shares (FAZ) and a handful of other 3x and -3x friends. We don't mention these pups much anymore partly because their defects are pretty well-publicized these days. And pretty well-litigated now too as everyone is now "shocked SHOCKED" that they underperform over time. Another reason they don't come up much is because this current market backdrop is the only one where a leveraged pup may hold its ground. High volatility we know will chop them up but so will a relatively low ...

A sign of a top is when your Short list is growing One of the best ways to know if the market is topping and ready for a correction or a crash is when your list of stocks to short starts growing longer than your buy list. When your long list is getting longer and your short list is getting shorter look out above. However our short list has been growing by the day this last week regardless of whether the market is up or down on any given day. This is a clear sign to me that the ...

RIMM Beats But Shares Tumble Shares of Research In Motion (RIMM) are lower in premarket trading. The Blackberry-maker reported second-quarter earnings last night after the bell earning $1.03 a share -- $0.03 better than Wall Street expectations.Revenues rose 36.8% year-over-year to $3.53 billion vs. $3.62 billion consensus. Gross margins also came in at 44.1% while the company added a net 3.8 million subscribers. But the company issued mixed-guidance for the third quarter with earnings coming in between $1 and $1.08 a share with revenues between $3.6 and $3.85 billion.Wall Street was expecting $1.05 EPS on $3.92 billion revenues. Shares are ...

Palm’s Quarter Beats Estimates Palm Inc. (PALM) reported earnings for its fiscal first quarter. The mobile phone maker said it lost $0.10 a share which was still $0.15 better than consensus estimates. Revenues declined 1.6% year-over-year to $360.7 million versus expectations of $290.70 million.Gross margins came in at 27.9% above 25.6% consensus. The company shipped 823 000 units during the quarter up 134% from the fourth quarter but down 30% year-over-year.For the second quarter the company gave downside revenue guidance in the range of $240 to $270 million below consensus of $346.8 million but issued upside revenue guidance for ...