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⚠️ VERIZON POSTS FEWER FIRST-QUARTER SUBSCRIBER LOSSES ON FLEXIBLE PLAN DEMAND Full Story → https://t.co/q84njSRnBN Verizon Communications said on Monday it lost fewer-than-expected wireless subscribers in the first quarter thanks to its flexible plans and streaming bundles… https://t.co/oubJjsz6mS
Verizon beats estimates for profit while boosting wireless service revenue, even as it lost more retail phone customers than expected https://t.co/CdNivN5gvH
$VZ | Verizon Communications Q1 Earnings: - Adj EPS $1.15 (Est. $1.12) 🟢 - Sales $33B (Est. $33.239B)🔴 - Q1 Total Broadband Net Additions 389,000 - Sees FY24 Adj. EPS $4.50-$4.70 (Est. $4.58) - Sees FY24 Adj. EBITDA Growth 1-3% https://t.co/kW6d99nu2U
Verizon's Q1 results show an adjusted EPS of $1.15, slightly below the estimated $1.20, with operating revenue at $33 billion compared to an estimated $33.21 billion. The company's consumer revenue was $25.1 billion, business revenue $7.4 billion, and wireless service revenue $19.5 billion. Despite losing fewer wireless subscribers than expected, Verizon's FIOS Internet subscribers increased by 53,000. The market cap stands at $170.46 billion.