Verizon Communications (VZ) Tops Q1 EPS by 3c; Provides Updated FY20 Financial Outlook
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/22/2026
- Wall St futures pause after AI rally, focus on Mideast tensions
- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
- Oil price dips to $100 on hopes of US-Iran diplomacy, partial recovery in Saudi exports
- Paramount, Warner Bros jump on report of settlement progress in merger fight
- Investors may be underpricing how far rate hikes could go, Deutsche says
- Pennsylvania measles cases near 800 as outbreak grows
- A timeline of Trump administration moves to weaken endangered species protections
- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
- Nasdaq notches record-high close, AI optimism reignites and Treasury yields retreat
- SpaceX and Tesla’s AI linkup is getting deeper. Here’s what Morgan Stanley sees
Verizon begins 2020 with strong earnings and cash flow from focused strategic execution
April 24, 2020 7:30 AM EDT1Q 2020 highlights
Consolidated:
$1.00 in earnings per share (EPS), compared with $1.22 in 1Q 2019; adjusted EPS (non-GAAP), excluding special items, of $1.26, compared with $1.20 in 1Q 2019.Operating revenue decline of 1.6 percent from first-quarter 2019.Cash flow from operations of $8.8 billion, an increase of $1.7 billion from first-quarter 2019.Consumer:
Total revenue of $21.8 billion, a decrease of 1.7 percent year over year.525,000 retail postpaid net losses, including 307,000 phone net losses and 167,000 postpaid smartphone net losses.Total retail postpaid churn of 1.01 percent, and retail... More