secwatch.observer — SEC 8-K summary
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Issuer:     VERIZON COMMUNICATIONS INC (VZ)
CIK:        0000732712
Form:       8-K
Filed at:   2024-07-22T23:59:59+00:00
Accession:  0000732712-24-000049
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verizon Q2 revenue $32.8B (+0.6%); wireless service revenue +3.5%; reaffirms 2024 guidance
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- Wireless service revenue of $19.8B, up 3.5% YoY; 148k retail postpaid phone net adds.
- Total broadband net adds 391k, including 378k fixed wireless; FWA subscriber base 3.8M.
- Net income $4.7B vs $4.8B YoY; adj. EPS $1.15 vs $1.21; H1 free cash flow $8.5B.
- Consumer revenue $24.9B (+1.5%); Business revenue $7.3B (-2.4%); fixed wireless net adds 218k.
- FY2024 guidance reaffirmed: adj. EPS $4.50-4.70, wireless service revenue growth 2.0-3.5%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/732712/000073271224000049/0000732712-24-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/732712/000073271224000049/vz-20240722.htm
  HTML page:      https://secwatch.observer/filing/0000732712-24-000049

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