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22.04.2024

Company news: Verizon (VZ) quarterly earnings beat analysts’ expectations

Verizon (VZ) reported Q1 FY2024 earnings of $1.15 per share (versus $1.20 per share in Q1 FY2023), beating analysts’ consensus estimate of $1.12 per share.

The company’s quarterly revenues amounted to $33.000 bln (+0.3% y/y), missing analysts’ consensus estimate of $33.233 bln.

The company also issued in-line guidance for FY2024, seeing EPS of $4.50-$4.70 versus analysts’ consensus estimate of $4.59.

VZ rose to $41.10 (+1.51%) in pre-market trading.

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