Reported 1 day ago
Since its last earnings report, Verizon Communications (VZ) has experienced a 1.5% drop in share value, underperforming the S&P 500. While the company posted adjusted earnings that surpassed expectations, revenue fell short due to challenges in the wireless equipment sector. Key figures include net income of $3.41 billion and total operating revenues of $33.33 billion. Analysts have noted a general downward trend in estimates for Verizon, which currently holds a Zacks Rank #3 (Hold), suggesting an expected in-line return in the near future.
Source: YAHOO