“Verizon Earnings Fall From Year Earlier But Top Estimates; Revenue Misses”
July 25, 2023
“…For the period ended June 30, March, Verizon earnings came in at $1.21 on an adjusted share. Profit for VZ stock fell 7% from a year earlier. Revenue for Verizon stock dipped 3.5% to $32.6 billion.
A year earlier, Verizon earned $1.30 a share on revenue of $33.8 billion. Analysts had projected Verizon earnings of $1.17 a share on revenue of $33.3 billion for the quarter. Wireless service revenue climbed 3.8% to $19.1 billion, in line with estimates…
On the stock market today, VZ stock rose 2.4% to 34.80. Heading into the Verizon earnings report, shares had retreated 14% in 2023…”