T-Mobile Tops Profit Estimates While Wireless Broadband Slowed [BNN Bloomberg (Canada)]
Verizon Communications Inc. (VZ)
Last verizon communications inc. earnings: 4/24 07:30 am
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Source: BNN Bloomberg
The No. 2 US wireless carrier reported earnings per share of $2, compared with analysts' average expectation of $1.89. Revenue of nearly $19.6 billion compared with a predicted $19.8 billion. T-Mobile, like other carriers, faces tough competition for new business in a mature market where nearly all customers already have wireless service, which has led analysts to lower their expectations for growth. Meanwhile, cable providers are adding pressure with bundled phone offerings for their video subscribers, using leased airwaves. T-Mobile added 532,000 wireless phone subscribers, the company said in a statement on Thursday. Wall Street predicted 479,800. The company also reported adding 405,000 fixed wireless customers, less than the previous quarter. Analysts expected nearly 422,000. T-Mobile competitor Verizon Communications Inc. earlier this week reported a loss of 68,000 retail postpaid phone subscribers, while rival AT&T Inc. reported a gain of 349,000 wireless phone subscribe
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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