Healthy wireless traction enables Verizon (VZ) to beat second-quarter 2024 earnings estimates.
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) 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.
The Dow Jones telecom giant reported in-line earnings while Q2 revenue missed. Subscriber growth was strong, but Verizon stock fell.
Verizon Communications Inc. VZ will release its financial results for the second quarter, before the opening bell on Monday, July 22.
Verizon Communications has shown signs of improvement recently. The firm still has some issues, but on the whole, it's nice to see some growth in cash flows. The business is also attractively priced and has lower leverage than rival AT&T, though it's not as appealing as its rival.
Verizon Communications Inc. VZ will release its financial results for the second quarter, before the opening bell on Monday, July 22.
Verizon's free-cash-flow machine is just starting to kick into high gear.
Verizon Communications (VZ) closed the most recent trading day at $42.03, moving +1.4% from the previous trading session.
Verizon (VZ) appears to be treading in the middle of the road, and new investors could be better off if they trade with caution.
Verizon has unveiled a suite of initiatives designed to enhance customer choice and flexibility, marking an evolution in its brand strategy. The telecommunications giant has introduced programs aimed at enriching customer experiences across its portfolio.
Verizon Communications is set to report its second-quarter earnings on July 22. The market will pay close attention to wireless subscriber metrics and cash flow trends.