Verizon Communications Inc. (VZ)
Verizon Communications Inc. (VZ) Q2 2024 Earnings Call Transcript
Verizon Communications Inc. (NYSE:VZ ) Q2 2024 Earnings Conference Call July 22, 2024 8:30 AM ET Company Participants Brady Connor - SVP, IR Hans Vestberg - Chairman and CEO Tony Skiadas - EVP & CFO Conference Call Participants John Hodulik - UBS Simon Flannery - Morgan Stanley Jim Schneider - Goldman Sachs Sebastiano Petti - J.P. Morgan Michael Rollins - Citi David Barden - Bank of America Peter Supino - Wolfe Research Craig Moffett - MoffettNathanson Frank Louthan - Raymond James Timothy Horan - Oppenheimer Walter Piecyk - LightShed Sam McHugh - BNP Paribas Bryan Kraft - Deutsche Bank Operator Good morning and welcome to the Verizon Second Quarter 2024 Earnings Conference Call.
The Truth Behind Verizon's Earnings Miss
Verizon is down, but the quarter was better than you think.
Why Verizon's stock is heading for its worst day in a year following earnings report
Verizon Communications Inc. returned to growth on a key subscriber metric in its wireless-phone business, but that wasn't enough to help its stock early in Monday's trading action.
Phone Upgrade Slowdown Pressures Verizon Stock
Verizon Communications Inc. (NYSE:VZ) announced a second-quarter revenue miss this morning amid a slowdown in phone upgrades, as cash-strapped consumers hold onto their devices for longer.
Verizon Dips On Q2, Time To Buy For Income
Verizon Communications Inc. Q2 earnings were solid, with revenue slightly below expectations but strong wireless growth and cost controls leading to outperformance in operating income and adjusted EBITDA. Despite concerns about debt, Verizon's free cash flow remains strong, with a well-covered dividend and plans for debt reduction in the future. Investors should consider Verizon for income, as the company is on track for significant free cash flow and growth in various financial metrics, with better days ahead.
Compared to Estimates, Verizon (VZ) Q2 Earnings: A Look at Key Metrics
The headline numbers for Verizon (VZ) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Verizon Slips on Earnings Miss Despite Subscriber Growth
Verizon (VZ) shares dropped more than 5% soon after the opening bell Monday after the telecommunications giant posted second-quarter earnings that came in below analysts' expectations despite adding subscribers to both its internet and mobile phone services.
Verizon (VZ) Beats Q2 Earnings Estimates, Falters on Revenues
Healthy wireless traction enables Verizon (VZ) to beat second-quarter 2024 earnings estimates.
Verizon misses revenue estimates in Q2, shares fall
Verizon Communications Inc (NYSE:VZ, ETR:BAC) reported second-quarter results that fell short of analysts' revenue estimates, driven by slower-than-expected upgrades in wireless equipment. The telecom giant's total operating revenue reached $32.8 billion, up less than 1% year-over-year but below the consensus estimate of $33.05 billion.
Verizon Communications (VZ) Q2 Earnings Surpass Estimates
Verizon Communications (VZ) came out with quarterly earnings of $1.15 per share, beating the Zacks Consensus Estimate of $1.14 per share. This compares to earnings of $1.21 per share a year ago.
Verizon Slides As Q2 Earnings Meet Estimates While Revenue Misses
The Dow Jones telecom giant reported in-line earnings while Q2 revenue missed. Subscriber growth was strong, but Verizon stock fell.
Top Wall Street Forecasters Revamp Verizon Expectations Ahead Of Q2 Earnings
Verizon Communications Inc. VZ will release its financial results for the second quarter, before the opening bell on Monday, July 22.
