Verizon Communications Inc. reported its Q3 2024 earnings, with adjusted earnings per share (EPS) of $1.19, slightly above the estimated $1.18, but down 2.5% year-over-year (YoY). The company's revenue for the quarter was $33.3 billion, missing the forecast of $33.44 billion and remaining flat compared to the previous year. Adjusted EBITDA rose by 2.5% YoY to $12.5 billion. Verizon reaffirmed its full-year guidance, expecting adjusted EPS to be between $4.50 and $4.70 and adjusted EBITDA growth of 1% to 3%. Additionally, the company anticipates wireless service revenue growth of 2% to 3.5% for the year. Free cash flow for the year-to-date stands at $14.5 billion. Despite the earnings beat, Verizon's stock fell by 2.59% in pre-market trading and 3% overall. The company's market cap is $183.96 billion.