Why Verizon Stock Was Sliding Today [Yahoo! Finance]
Verizon Communications Inc. (VZ)
Last verizon communications inc. earnings: 4/24 07:30 am
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Source: Yahoo! Finance
The company also lost postpaid net subscribers in the seasonally slow quarter. As a result, the stock was down 3.4% as of 11:36 a.m. ET on Monday. Verizon misses on revenue Verizon's first-quarter results weren't particularly troubling, but total revenue rose just 0.2% to $33 billion, which was below the analyst consensus at $33.24 billion. Wireless-service revenue in the quarter was up 3.3% to $19.5 billion, though wireline and equipment revenue continued to fall. Verizon also reported losses in retail postpaid net subscribers of 68,000, though that decline was better than expected, and the company added users to other devices as overall retail postpaid net additions rose 253,000. Broadband growth was strong at 389,000 net additions, including 53,000 Fios additions, and it grew fixed wireless revenue, a strategic priority, by nearly 80% to $452 million. On the bottom line, adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) were $12.1 bil
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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