Verizon: 4% decline in EPS in the 1st quarter


(CercleFinance.com) – Verizon publishes EPS adjusted for exceptional items of $1.15 for the first three months of 2024, compared to $1.20 a year earlier, but adjusted EBITDA up around 2% at 12.1 billion for stable revenues (+0.2%) at 33 billion.

Its wireless revenues increased 3.3% to $19.5 billion, mainly due to pricing actions in recent quarters, increased adoption of premium rate plans and growth in its base. subscribers to fixed wireless services’.

For the full year 2024, the telecom operator continues to expect adjusted EPS of $4.50 to $4.70, adjusted EBITDA growth of 1 to 3 percent and an increase in revenue. total business of its wireless services by 2 to 3.5%.

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