Dow Component Verizon Stock Jumps As Earnings, Wireless Subscribers Beat [Investor's Business Daily]
Verizon Communications Inc. (VZ)
Last verizon communications inc. earnings: 4/24 07:30 am
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Source: Investors Business Daily
Related news Verizon Communications ( VZ ) reported third-quarter earnings and revenue that topped views as wireless subscriber additions also beat analyst estimates. Verizon stock jumped to an 18-year high as the Dow Jones industrial average fell 0.5%, bouncing back from heavier losses. The high dividend paying telecom stock has been on the IBD Leaderboard watch list . Verizon earnings rose 24% to $1.22 per share excluding various items, topping estimates by 3 cents. Revenue rose 2.8% to $32.6 billion, just above expectations of $32.5 billion. Verizon added 295,000 postpaid phone customers, above views for 168,000. It added 274,000 a year earlier. "The current lull in wireless competition has benefited Verizon, and the company performed well this quarter, but we suspect that the good times won't last too much longer," New Street Research analyst Jonathan Chaplin said in a note to clients. "Cable's mobile offering is likely to gain momentum in Q4," Chaplin said. "With T-Mobile rampin
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VZ
News
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VZ
Earnings
- 4/22/24 - Beat
VZ
Sec Filings
- 4/22/24 - Form 8-K
- 4/16/24 - Form PX14A6G
- 4/15/24 - Form 4
- VZ's page on the SEC website