Verizon Q1 adjusted EPS $1.15, revenue $33B; wireless service revenue up 3.3% YoY

VERIZON COMMUNICATIONS INC

2024-Q1 EPS reported $1.09 revenue$32,981,000,000

GAAP EPS $1.09 (down from $1.17); adjusted EPS $1.15 (vs $1.20); revenue $33.0B, +0.2% YoY.
Wireless service revenue $19.5B, +3.3% YoY; retail postpaid phone net losses 68,000.
Broadband net additions 389,000; fixed wireless net additions 151,000 (Verizon Business best quarter).
Adjusted EBITDA $12.1B, up from $11.9B; free cash flow $2.7B, up from $2.3B.
2024 guidance reaffirmed: wireless service revenue growth 2-3.5%, adjusted EPS $4.50-$4.70, CapEx $17-17.5B.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

VERIZON COMMUNICATIONS INC reported first quarter 2024 results: revenue $33.0 billion, net income $4.7 billion, EPS $1.09.

Period: first quarter 2024
Revenue: $33.0 billion
Net income: $4.7 billion
EPS: $1.09
Result: reported results

Exact text from the filing

earnings per share of $1.17 in first-quarter 2023; adjusted EPS 1 , excluding special items, of $1.15, compared with $1.20 in first-quarter 2023. • Total operating revenue of $33.0 billion, up 0.2 percent from first-quarter 2023. • Consolidated net income for the first quarter of $4.7 billion, compared to consolidated net income of $5.0 billion in first-quarter

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Source: SEC EDGAR

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