VZ Stock Down, Verizon Q1 EPS and Revenue Beat Analysts Estimates
6 hours ago by Steve Muchoki · 2 min read
Photo: Depositphotos
According to the Q1 earnings report, 70% of Verizon’s revenue came from wireless business.
Verizon Communications Inc (NYSE: VZ) stock tweaked a bit during Wednesday’s pre-market but traded around yesterday’s close, $58.39. At the time of writing, at the trading session, VZ is 0.41% down, at $58.15. Although not a significant tweak, the spike in volatility coincided with the quarterly earnings results. Verizon reported its Q1 earnings per share at $1.31, up 3.97% over the past year.
Notably, the company recorded a revenue of $32.867 billion, 3.98% higher than last year’s. As a result, Verizon’s Q1 revenue beat analysts’ estimates of $32.46 billion.
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