secwatch.observer — SEC 8-K summary
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Issuer:     VERIZON COMMUNICATIONS INC (VZ)
CIK:        0000732712
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0000732712-24-000062
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/732712/000073271224000062/0000732712-24-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/732712/000073271224000062/vz-20241022.htm
  HTML page:      https://secwatch.observer/filing/0000732712-24-000062

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