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

Issuer:     VERIZON COMMUNICATIONS INC (VZ)
CIK:        0000732712
Form:       8-K
Filed at:   2024-04-22T23:59:59+00:00
Accession:  0000732712-24-000025
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/732712/000073271224000025/0000732712-24-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/732712/000073271224000025/vz-20240422.htm
  HTML page:      https://secwatch.observer/filing/0000732712-24-000025

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