Shares the telecom operator pulled back on underwhelming revenue growth in its Q1 report.Shares of Verizon (VZ -3.98%) were heading lower today as the telecom came up short on the top line in its first-quarter earnings report. 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 revenueVerizon's first-quarter results weren't particularly troubling, but total revenue rose just 0.2% to $33 billion, w ...

z1b Verizon (NYSE:VZ) stock recently dipped sharply lower (3.62% as of this writing) in the wake of releasing its Q1 results. We last covered VZ after it reported Q3 results and said that it was the better buy than its peer AT&T (T) at the time, stating: Overall, both businesses are facing similar growth challenges while increasing free cash flow generation and deleveraging their balance sheets...VZ has a near 100 basis point higher dividend yield, a much better track record in terms of its dividend, and ma ...

Verizon Communications Inc. (NYSE:VZ) Q1 2024 Earnings Conference Call April 22, 2024 8:30 AM ET Company Participants Brady Connor - SVP, IR Hans Vestberg - Chairman and CEO Tony Skiadas - EVP & CFO Conference Call Participants Simon Flannery - Morgan Stanley John Hodulik - UBS Michael Rollins - Citi Kannan Venkateshwar - Barclays David Barden - Bank of America Sebastiano Petti - J.P. Morgan Timothy Horan - Oppenheimer Craig Moffett - MoffettNathanson Greg Williams - TD Cowen Bryan Kraft - Deutsche Bank Pet ...

Verizon Communications Inc. (NYSE:VZ) earlier reported a first-quarter earnings beat, though revenue missed the mark. The company also a saw much smaller-than-expected loss of wireless phone subscribers. The security is down 1.7% to trade at $39.82 at last check, despite surging above resistance form the 20-day moving average earlier in the session. The security still sports a 7.3% lead for 2024, thanks to its run up to an April 4, 52-week high of $43.42. Though shares are today looking to snap a three-day ...

For the quarter ended March 2024, Verizon Communications (VZ) reported revenue of $32.98 billion, up 0.2% over the same period last year. EPS came in at $1.15, compared to $1.20 in the year-ago quarter.The reported revenue represents a surprise of -1.05% over the Zacks Consensus Estimate of $33.33 billion. With the consensus EPS estimate being $1.12, the EPS surprise was +2.68%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall St ...

Verizon Communications Inc. (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 IncomeOn a GAAP basis, net income in the quarter was ...

Key TakeawaysVerizon Communications reported first-quarter results roughly in line with analyst estimates Monday ahead of the opening bell.The telecommunications giant's stock rose in premarket trading Monday following the report's release but fell after the opening bell.Verizon opens a busy week of corporate earnings reports, including from competitors AT&T and T-Mobile. Verizon Communications (VZ) on Monday reported first-quarter results that were roughly in line with analyst expectations, with the compan ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Verizon Communications (VZ) came out with quarterly earnings of $1.15 per share, beating the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.20 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.68%. A quarter ago, it was expected that this largest U.S. cellphone carrier would post earnings of $1.07 per share when it actually produced earnings of $1.08, delivering a surprise of 0.93%.Over the last f ...

Key TakeawaysVerizon Communications reported first-quarter results roughly in line with analyst estimates Monday ahead of the opening bell.The telecommunications giant's stock rose following the report's release.Verizon opens a busy week of corporate earnings reports, including from competitors AT&T and T-Mobile. Verizon Communications (VZ) stock rose in premarket trading Monday following the release of a first-quarter earnings report that was roughly in line with analyst expectations, with the company also ...