Verizon shares dropped after a mixed Q3 report with flat revenue and lower adjusted EPS.
Verizon's shares dropped following a mixed third-quarter report, despite strong wireless subscriber growth. Revenue remained flat at $33.3 billion, and adjusted EPS decreased from $1.21 to $1.19. The stock has risen over 30% in the past year and offers a 6.5% dividend yield. Verizon plans to boost capital expenditures next year and continues to see postpaid wireless and broadband growth. Analysts suggest the negative market reaction may present a buying opportunity.
October 26, 2024
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