Verizon beats Q1 earnings estimates with $1.15 EPS, $33B revenue, and forecasts $4.50-4.70 adjusted EPS for 2024.
Verizon Communications reported first-quarter earnings beating analyst expectations with $1.15 EPS, a $0.03 increase over the estimated $1.12, and revenue of $33 billion. The company's guidance for the full year 2024 forecasts an adjusted EPS range of $4.50 to $4.70. Verizon's wireless service revenue increased 3.3% year-over-year, reaching $19.5 billion, attributed to pricing actions and an expanding fixed wireless subscriber base.
April 22, 2024
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