Verizon (VZ) – Verizon reported quarterly profit of $1.18 per share, 3 cents a share above estimates. Revenue beat forecasts as well. Verizon said it experienced a negative impact from Covid-19, which hurt wireless service and ad spending revenue.
American Express (AXP) – American Express reported quarterly earnings of 29 cents per share, compared to estimates of an 11 cents per share loss. Revenue came in below estimates, however. The company said spending volumes hit a low point in April, followed by a gradual rebound in May and June.
