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Verizon Communications (VZ) earnings beat lifts shares despite revenue miss
April 22, 2024 7:10 AM EDTVerizon Communications (NYSE: VZ) reported its first-quarter 2024 earnings, surpassing analyst expectations for adjusted earnings per share (EPS) but falling short on revenue. The company's stock rose by as much as 3.2% premarket following the announcement, indicating investor optimism driven by the earnings beat.
For the first quarter, Verizon posted an adjusted EPS of $1.15, which is $0.03 higher than the analyst estimate of $1.12. However, the revenue for the quarter was $33 billion, slightly below the consensus estimate of $33.23 billion. When... More
