Verizon Communications’ wireless and landline businesses showed weakness in Q2, sending the telecom firm’s stock down 2.4% Tuesday. Verizon (VZ) also lowered its full-year consolidated revenue forecast to 3% growth from its earlier guidance of 4%, amid intensified wireless competition with AT&T (T), T-Mobile (TMUS) and Sprint (S). A wireless price war has taken a toll industrywide on average monthly revenue per account, or ARPA, a closely watched
Gene-sequencing giant Illumina (ILMN) beat analysts’ Q2 earnings estimates Tuesday but missed on revenue, sending shares down 11% in after-hours trading. Illumina said income excluding one-time items amounted to 80 cents a share, up 41% from the year-earlier quarter and beating analysts’ consensus by 3 cents, according to Thomson Reuters. Revenue climbed 21% to $539 million, about $3 million short of consensus. That was the third straight quarter
A survey of Apple Watch users found that early adopters of the device in general like it, but don’t necessarily love it. Research firm Wristly surveyed 800 Apple Watch owners who signed up to be part of its research panel. Asked about their overall satisfaction with Apple’s (AAPL) new smartwatch, two-thirds said they are “very satisfied,” 31% are “somewhat satisfied,” 2% are “neither satisfied nor dissatisfied” and 1% are “somewhat dissatisfied.” The percentage of users saying they are “very satisfied” with Apple Watch is significantly less than what surveys showed for early adopters of the first iPhone and first iPad. In 2007, ChangeWave Research surveyed users of the first iPhone and found that 77% were very satisfied, 15% somewhat satisfied, 5% unsatisfied and 2% uncertain. In 2010, ChangeWave surveyed users of the first iPad and found that 74% were very satisfied, 17% somewhat satisfied, 1% somewhat unsatisfied and 1% very…