Company news: Verizon (VZ) posts mixed quarterly results

Verizon (VZ) reported Q3 FY2024 earnings of $1.19 per share (versus $1.22 per share in Q3 FY2023), marginally beating analysts’ consensus estimate of $1.18 per share.

The company’s quarterly revenues amounted to $33.300 bln (+0.9% y/y), slightly missing analysts’ consensus estimate of $33.420 bln.

The company also reaffirmed guidance for FY2024, seeing EPS of $4.50-4.70 versus analysts’ consensus estimate of $4.59.