Verizon is down, but the quarter was better than you think.Verizon (VZ -6.31%) reported earnings on Monday and results fell short of expectations. But the company's revenue fell in an area where it loses money, which means results were better than hoped in some ways. In this video, Travis Hoium reveals the truth about where Verizon is growing and why it may be growing in the right places.*Stock prices used were end-of-day prices of July 23, 2024. The video was published on July 23, 2024. ...

Verizon Communications Inc. (NYSE:VZ) announced a second-quarter revenue miss this morning amid a slowdown in phone upgrades, as cash-strapped consumers hold onto their devices for longer. The stock was last seen down 6.3% to trade at $39, brushing off better-than-expected subscriber growth. VZ earlier dipped to its lowest level since April after its latest rally fell short of $42.50, but a familiar floor at the $38.50 level looks ready to contain losses. Though shares are on track for their worst single-da ...

Paper Boat Creative We reiterate our Buy rating on Verizon Communications Inc. (NYSE:VZ) shares today following the just-reported Q2 earnings. While we have had a buy rating on the stock since the low $30s, the stock has stalled out hitting the $40s. In our opinion, Q2 earnings were solid, and today's mini selloff creates a buying opportunity once again in the $30s. Let us discuss. Verizon Q2 results in context Markets have started an interesting rotation of late. As a telecom with a strong dividend yie ...

Verizon Communications (VZ) reported $32.8 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 0.6%. EPS of $1.15 for the same period compares to $1.21 a year ago.The reported revenue represents a surprise of -0.75% over the Zacks Consensus Estimate of $33.04 billion. With the consensus EPS estimate being $1.14, the EPS surprise was +0.88%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...

Key TakeawaysVerizon shares fell Monday after the telecommunications giant's second-quarter earnings missed analysts' estimates despite adding phone and internet subscribers.Revenue grew slightly year-over-year, but profit slipped.Verizon also affirmed its full-year guidance, projecting wireless service revenue growth but lower adjusted earnings per share than in 2023. Verizon (VZ) shares dropped more than 5% soon after the opening bell Monday after the telecommunications giant posted second-quarter earning ...

Verizon Communications Inc. (VZ) recorded relatively healthy second-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 340,000 in the quarter along with retail postpaid phone net additions of 148,000. Total broadband net additions for the quarter were 391,000, including 378,000 fixed wireless net additions.Net IncomeOn a GAAP basis, net income in the quarter was $4,702 million or $1.09 per s ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Verizon Communications (VZ) came out with quarterly earnings of $1.15 per share, beating the Zacks Consensus Estimate of $1.14 per share. This compares to earnings of $1.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.88%. A quarter ago, it was expected that this largest U.S. cellphone carrier would post earnings of $1.12 per share when it actually produced earnings of $1.15, delivering a surprise of 2.68%.Over the last f ...

Company remains on track to meet full-year 2024 financial guidance 2Q 2024 Highlights Wireless: Accelerated growth in wireless service revenue Total wireless service revenue1 of $19.8 billion, a 3.5 percent increase year over year.Retail postpaid phone net additions of 148,000, and retail postpaid net additions of 340,000.Retail postpaid phone churn of 0.85 percent, and retail postpaid churn of 1.11 percent. Broadband: Double-digit broadband subscriber growth Total broadband net additions of 391,000. This ...

Exhibit 99.1 News Release FOR IMMEDIATE RELEASE Media contacts: July 22, 2024 Katie Magnotta 201-602-9235 katie.magnotta@verizon.com Eric Wilkens 201-572-9317 eric.wilkens@verizon.com Verizon delivers strong wireless service revenue and broadband subscriber growth in Q2 Company remains on track to meet full-year 2024 financial guidance 2Q 2024 Highlights Wireless: Accelerated growth in wireless service revenue • Total wireless service revenue of $19.8 billion, a 3.5 percent increase year over year. • Retail ...