Categories AlphaGraphs, Earnings, Technology

VZ Earnings: Highlights of Verizon’s Q3 2022 financial results

Telecom giant Verizon Communications Inc. (NYSE: VZ)  on Friday reported a decline in net profit for the third quarter of 2022, despite an increase in revenues.

Verizon Q3 2022 earnings infographic

Third-quarter adjusted earnings declined to $1.32 per share from $1.42 per share in the comparable period of last year. Analysts were looking for a lower bottom line number. Unadjusted profit dropped to $5.02 billion or $1.17 per share from $6.55 billion or $1.55 per share last year.

Meanwhile, total operating revenues increased 4% annually to $34.24 billion during the three-month period, which was also above the consensus forecast.


Check this space to read management/analysts’ comments on Verizon’s Q3 2022 report


“The pricing actions we took earlier this year, as well as our new cost savings program, show that we are being deliberate and strategic in our decisions to strengthen our business. At the same time, we are focused on executing our 5G strategy, as we are covering every major market and accelerating our C-Band network build. We are on track to reach 200 million POPs within first-quarter 2023,” said Verizon’s CEO Hans Vestberg.

Prior Performance

  • Verizon Q1 2022 Earnings Infographic

_________________________________________________________________________________________________________________

Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock

_________________________________________________________________________________________________________________

Most Popular

Here’s a look at Dollar Tree’s (DLTR) expectations for the remainder of the year

Shares of Dollar Tree Inc. (NASDAQ: DLTR) were down over 1% on Wednesday, a day after the company reported earnings results for the third quarter of 2022. Revenue and earnings

Target Corporation (TGT): A look at how the retail giant is shaping up against an inflationary backdrop

Shares of Target Corporation (NYSE: TGT) were up over 1% on Wednesday. The stock has dropped 30% year-to-date and 35% over the past 12 months. Last week the company reported

Is Zoom Video Communications (ZM) a good investment after Q3 earnings?

Zoom Video Communications (NASDAQ: ZM) expanded its customer base at an accelerated pace during the COVID crisis and soon became the preferred video conferencing platform for businesses and millions of

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top