secwatch.observer — SEC 8-K summary
======================================

Issuer:     VERIZON COMMUNICATIONS INC (VZ)
CIK:        0000732712
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0000732712-23-000026
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verizon Q1 EPS $1.20 adj, revenue $32.9B; broadband adds record 437K; guidance reaffirmed
--------------------------------------------------------------------------------

- GAAP EPS $1.17 vs $1.09 YoY; adjusted EPS $1.20 vs $1.35 YoY.
- Total revenue $32.9B, down 1.9%; wireless service revenue up 3.0% to $18.9B.
- Postpaid phone net losses of 127K; gross additions up 5.3% YoY.
- Broadband net adds 437K (largest in a decade), with 393K fixed wireless, 67K Fios.
- Free cash flow $2.3B, up from $1.0B YoY; full-year guidance reaffirmed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/732712/000073271223000026/0000732712-23-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/732712/000073271223000026/vz-20230425.htm
  HTML page:      https://secwatch.observer/filing/0000732712-23-000026

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer