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Verizon stock recently fell in response to first-quarter results. Shares of Verizon offer a big 6.8% dividend yield at its recently depressed price.
Verizon stock dipped after weak Q1 results. We break down the Q1 results to see what VZ did well and where it struggled. We also review the valuation and the outlook for the stock and share our perspective on whether it is worth buying on the dip or not.
Verizon Communications (VZ) on Monday reported first-quarter results that were roughly in line with analyst expectations, with the company also affirming its growth projections for fiscal 2024.
Verizon Communications Inc (NYSE:VZ, ETR:BAC) shares moved higher before Monday's opening bell after the telecommunications provider lost fewer than expected wireless subscribers during the first quarter. During the period, it lost 68,000 monthly bill-paying wireless phone subscribers, below the 100,000 expected.
Verizon Communications (VZ) came out with quarterly earnings of $1.15 per share, beating the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.20 per share a year ago.
Verizon Communications (VZ) stock rose in premarket trading Monday following the release of a first-quarter earnings report that was roughly in line with analyst expectations, with the company also affirming its growth projections for fiscal 2024.
Verizon NYSE: VZ has been on the brink of completing a reversal for months and may do so now that the Q1 results are in. The Q1 results are mixed but include better-than-expected margin, increased free cash flow, and reaffirmed guidance that points to slow, steady growth over the next two years.
Verizon Chairman and CEO Hans Vestberg joins 'Squawk Box' to discuss the company's quarterly earnings results, streaming partnerships, the rollout of fixed-line wireless, strength of the consumer, and more.
Telecommunications company Verizon Communications today announced their Q1 2024 results on April 22nd. The results improved upon Verizon's disappointing Q4 2023 performance announced earlier this year, but failed to live up to expectations.
Verizon Communications Inc. lost fewer-than-expected net postpaid phone subscribers in the latest quarter, as consumer gross additions ticked up and churn improved.