Verizon Communications Inc. (NYSE: VZ) on Tuesday reported lower revenues and adjusted earnings for the third quarter of 2023.
The telecom giant’s third-quarter adjusted earnings declined to $1.22 per share from $1.32 per share in the comparable period of last year. Unadjusted profit dropped to $4.88 billion or $1.13 per share from $5.02 billion or $1.17 per share last year.
Total operating revenues decreased 2.6% annually to $33.3 billion during the three-month period. Both Services and Wireless Equipment revenues decreased.
“We continued to make steady progress in the third quarter with a clear focus on growing wireless service revenue, delivering healthy consolidated adjusted EBITDA, and increasing free cash flow,” said Verizon’s CEO Hans Vestberg.
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) ended fiscal 2023 on a positive note, delivering strong results for the fourth quarter. In the new fiscal year, the company’s focus will be
Shares of Signet Jewelers Limited (NYSE: SIG) were down over 2% on Friday. The stock has gained 40% year-to-date and 27% over the past three months. The jewelry retailer saw
eSignature service provider DocuSign, Inc. (NASDAQ: DOCU) reported higher revenues and better-than-expected adjusted earnings for the third quarter of 2024. The company also provided guidance for the fourth quarter and