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22.10.2024

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.

VZ fell to $43.19 (-1.17%) in pre-market trading.

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