Verizon earnings and revenue rise, top expectations

A previous version of this story incorrectly stated Verizon’s adjusted earnings per share for the first quarter. It has been corrected.

The company reported first-quarter net income of $5.4 billion, or $1.27 a share, up from $4.3 billion, or $1.00 a share, a year earlier. Total revenue for Verizon’s first quarter rose to $32.9 billion from $31.6 billion a year earlier, whereas analysts were expecting $32.5 billion.In Verizon’s consumer business, the company saw 326,000 retail postpaid net losses and 225,000 phone net losses. Verizon’s total retail postpaid churn was 0.97%, while retail postpaid phone churn was 0.77%.

Verizon’s first-quarter capital expenditures amounted to $4.5 billion, including $40 million of items related to C-Band wireless spectrum.

If they missed on both top and bottom it would have probably gone up. Unbelievable

And the price goes down lol... tell investors your drilling for oil and have no chance of finding any = 50% rise in share price.

dogecoin to the moon

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