Verizon Communications (VZ) Message Board

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Technology Stocks : Verizon Communications (VZ)

VZ 39.88

-0.2%

Feb 7 9:30 AM EST

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From: Ms. Baby Boomer	12/11/2018 10:12:22 AM
	of 2081

Verizon Sees Fourth-Quarter Severance Charge $1.8 Billion to $2.1 Billion... Verizon Communications Inc. expects fourth-quarter severance charges related to buyout program reported on Dec. 10 and other headcount reduction plans, the company disclosed in a regulatory filing. Verizon also announced that its review of Oath segment resulted in unfavorable adjustments to the unit’s financial projections. The company sees a non-cash goodwill impairment charge of about $4.6 billion, or $4.5 billion after tax in the fourth quarter of 2018. Oath’s good will balance was about $4.8 billion before the impairment charge. Verizon will complete an internal reorganization of legal entities this month related to its wireless business. The company expects to recognize a non-recurring deferred tax benefit of about $2.1 billion in the fourth quarter that will cut its deferred tax liability by the same amount.... bloomberg.com M

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