VZ - Verizon's Q1: Flat Revenue Bump In Free Cash Flow And Stable 2024 Outlook | Benzinga
Verizon Communications Inc (NYSE:VZ) stock traded higher Monday after it reported fiscal first-quarter 2024 results.
Its sales increased 0.2% year over year to $32.98 billion, marginally missing the consensus of $33.24 billion. Adjusted EPS of $1.15 beat the consensus of $1.12.
Total wireless service revenue was $19.5 billion, up 3.3% Y/Y, driven primarily by pricing actions implemented in recent quarters, higher premium price plan adoption, and growth of its fixed wireless subscriber base. Postpaid phone net losses were 68,000, and retail postpaid net additions were 253,000.
The quarter marked 389,000 total broadband ...