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

Issuer:     VERIZON COMMUNICATIONS INC (VZ)
CIK:        0000732712
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0000732712-23-000051
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verizon Q2 EPS $1.10 ($1.21 adj) on revenue $32.6B; wireless service revenue up 3.8%
--------------------------------------------------------------------------------

- GAAP EPS of $1.10, down 11.3% YoY; adjusted EPS $1.21, down 7.6%.
- Total operating revenue $32.6B, down 3.5% YoY; wireless service revenue $19.1B, up 3.8%.
- Broadband net adds of 418k (384k fixed wireless); fixed wireless subs ~2.3M.
- First-half free cash flow $8.0B vs $7.2B prior year; capex guidance $18.25-$19.25B reaffirmed.
- 2023 guidance: adj EBITDA $47.0-$48.5B, adj EPS $4.55-$4.85; special items include $237M severance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/732712/000073271223000051/0000732712-23-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/732712/000073271223000051/vz-20230725.htm
  HTML page:      https://secwatch.observer/filing/0000732712-23-000051

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