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Palogic slightly cut its Verizon holdings, but Verizon reported strong Q1 earnings, exceeding analyst expectations.
Palogic Value Management L.P. has slightly reduced its holdings in Verizon Communications Inc. by selling 250 shares, now owning 20,840 shares valued at $945,000.
Despite this, Verizon reported a strong first quarter with a 5.2% increase in revenue and earnings per share of $1.22, beating analyst expectations.
The company has set a FY 2025 EPS guidance of 4.636-4.728, aligning with analysts' current-year forecast of 4.69 EPS.
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Palogic recortó ligeramente sus participaciones en Verizon, pero Verizon reportó fuertes ganancias en el primer trimestre, superando las expectativas de los analistas.