Verizon Q3 2024: EPS $0.78, adj EPS $1.19; wireless service revenue +2.7% YoY; reaffirms FY guidance

VERIZON COMMUNICATIONS INC

2024-Q3 EPS reported $2.96 revenue$99,107,000,000

Retail postpaid phone net adds of 239,000, more than double YoY; total broadband net adds 389,000.
Consolidated operating revenue $33.3B, flat YoY; net income $3.4B, down from $4.9B on $1.7B severance charge.
Fixed wireless reaches 4.2M subs; achieved subscriber target 15 months ahead of schedule.
FY 2024 guidance reaffirmed: wireless service revenue growth 2-3.5%, adj EPS $4.50-$4.70.
Free cash flow YTD $14.5B, vs $14.6B in prior year; capex YTD $12.0B.

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