Verizon (VZ) Beats Q1 Earnings Estimates, Misses on Revenues [Yahoo! Finance]
Verizon Communications Inc. (VZ)
Last verizon communications inc. earnings: 4/24 07:30 am
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Source: Yahoo! Finance
VZ started 2024 on a positive note, registering relatively modest first-quarter results with the bottom line beating the Zacks Consensus Estimate but the top line missing the same. The company recorded consolidated postpaid net additions of 253,000 in the quarter along with retail postpaid phone net losses of 68,000. Total broadband net additions for the quarter were 389,000, including 354,000 fixed wireless net additions. Net Income On a GAAP basis, net income in the quarter was $4,722 million or $1.09 per share compared with $5,018 million or $1.17 per share in the prior-year quarter. The year-over-year decrease was primarily attributable to higher operating expenses and interest costs. Excluding non-recurring items, quarterly adjusted earnings were $1.15 per share compared with $1.20 in the prior-year quarter. The bottom line beat the Zacks Consensus Estimate by 3 cents. Verizon Communications Inc. Price, Consensus and EPS Surprise Verizon Communications Inc. price-consen
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VZ
Earnings
- 4/22/24 - Beat
VZ
Sec Filings
- 4/30/24 - Form DEFA14A
- 4/29/24 - Form 424B2
- 4/29/24 - Form 4
- VZ's page on the SEC website