“Verizon Earnings Top Views, Wireless Service Revenue Beats On Price Hikes”
May 1, 2024
“Verizon Communications (VZ) on Monday reported first-quarter earnings that fell from a year earlier but topped Wall Street estimates. Verizon stock initially rose, then reversed down although wireless service revenue came in above expectations.
Reported before the market open, Verizon earnings for the quarter ended March 31 fell 4% to $1.15 on an adjusted basis. Revenue for Verizon stock rose 0.2% to $33 billion…
Wireless service revenue climbed 3.3% to $19.5 billion versus estimates of $18.67 billion. Although Q1 is usually seasonally weak, Verizon has pushed through price hikes that boosted wireless services revenue…”
https://www.investors.com/news/technology/verizon-stock-verizon-earnings-news-q12024/?src=A00220