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24x7Report > Blog > Finance > VZ Stock: Verizon Earnings, Wireless Subscriber Growth Top Estimates
Finance

VZ Stock: Verizon Earnings, Wireless Subscriber Growth Top Estimates

Last updated: 2023/10/24 at 12:02 PM
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VZ Stock: Verizon Earnings, Wireless Subscriber Growth Top Estimates
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Verizon Communications (VZ) on Tuesday reported third-quarter earnings that fell from a yr earlier however topped Wall Avenue estimates. VZ inventory rose as income met expectations and the corporate added extra postpaid wi-fi subscribers than projected.

Contents
Verizon Wi-fi ProgressVZ Inventory




X



Reported earlier than the market open, Verizon earnings for the quarter ended Sept. 30 fell 7% to $1.22 on an adjusted foundation. Income for Verizon inventory dipped 2.6% to $33.3 billion.

A yr earlier, Verizon earned $1.32 a share on income of $34.2 billion. Analysts had projected Verizon earnings of $1.18 a share on income of $33.3 billion for the quarter.

Wi-fi service income climbed 2.9% to $19.3 billion vs. estimates of $19.2 billion.

Verizon Wi-fi Progress

Additionally, Verizon stated it added 100,000 postpaid telephone prospects versus an 8,000 achieve within the year-earlier interval. Verizon’s subscriber figures embody each shopper and enterprise prospects.

Analysts had predicted a Q3 achieve of 63,000 postpaid telephone subscribers — prospects that spend essentially the most month-to-month.

VZ Inventory

On the inventory market right now, VZ inventory rose 3.7% to 32.54.

Heading into the Verizon earnings report, the Dow Jones large had retreated 20% in 2023.

Verizon inventory holds a Relative Energy Score of 37 out of a doable 99, in line with IBD Stock Checkup.

Comply with Reinhardt Krause on X,  previously referred to as Twitter, @reinhardtk_tech for updates on 5G wi-fi, synthetic intelligence, cybersecurity and cloud computing.

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TAGGED: earnings, estimates, Growth, stock, Subscriber, top, Verizon, Wireless

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