secwatch.observer — SEC 8-K summary
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Issuer:     VERIZON COMMUNICATIONS INC (VZ)
CIK:        0000732712
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0000732712-23-000060
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verizon Q3 EPS $1.13 ($1.22 adj), revenue down 2.6%, raises free cash flow guidance above $18B
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- Adjusted Q3 EPS $1.22 (GAAP $1.13) vs $1.32 a year ago; revenue $33.3B (-2.6%).
- Net income $4.9B (-2.8%); consolidated adjusted EBITDA $12.2B (+0.2%).
- Raises FY free cash flow guidance to >$18B from ~$17B; capex at upper end of $18.25-19.25B.
- Total broadband net adds 434k (384k fixed wireless); wireless service revenue up 2.9% to $19.3B.
- Consumer operating margin improved to 29.9%; Business operating income fell 22.8% on wireline declines.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/732712/000073271223000060/0000732712-23-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/732712/000073271223000060/vz-20231024.htm
  HTML page:      https://secwatch.observer/filing/0000732712-23-000060

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