Categories AlphaGraphs, Earnings, Technology
VZ Earnings: Highlights of Verizon’s Q1 2023 financial results
Telecom giant Verizon Communications Inc. (NYSE: VZ) on Tuesday reported a decline in adjusted earnings and revenues for the first quarter of 2023.
First-quarter adjusted earnings declined to $1.20 per share from $1.35 per share in the comparable period of last year. Unadjusted profit, meanwhile, rose to $5.02 billion or $1.17 per share from $4.71 billion or $1.09 per share last year.
Total operating revenues decreased 1.9% annually to $32.9 billion during the three-month period, with both operating segments contracting.
“Last month, we announced that our 5G Ultra Wideband now reaches more than 200 million people as we continue to undergo the most aggressive network deployment in our company’s history. With our mobile and broadband capabilities, and our focus on network strength, we are giving more customers in more places a superior network experience,” said Verizon’s CEO Hans Vestberg.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
DG Earnings: All you need to know about Dollar General’s Q4 2024 earnings results
Dollar General Corporation (NYSE: DG) reported its fourth quarter 2024 earnings results today. Net sales increased 4.5% year-over-year to $10.3 billion. Same-store sales increased 1.2%. Net income of $191.2 million was
Adobe (ADBE) reports higher Q1 revenue, adjusted earnings
Adobe Inc. (NASDAQ: ADBE) on Wednesday reported an increase in revenue and adjusted profit for the first quarter of 2025. The numbers also exceeded Wall Street's expectations. The design software
Darden Restaurants likely to report higher sales and profit for Q3 2025
Despite rising costs and shifting consumer habits, Darden Restaurants, Inc. (NYSE: DRI) has maintained stable performance, reflecting the unwavering popularity of its brands and their ability to compete effectively in