Verizon Communications Inc. reported first-quarter earnings of $1.35 per share, aligning with expectations, but shocked investors with a flat revenue growth forecast for 2022 and a loss of 36,000 phone customers. Following the announcement, the stock plummeted 6.1% as concerns over the company's performance and stagnant growth in a competitive market intensified. Despite these challenges, Verizon aims to accelerate its 5G Ultra Wideband network deployment to cover 175 million people by year's end.
“Verizon Communications Inc. · reported · first-quarter 2022 results · relatively healthy”
“Verizon · updated · 2022 guidance · expect flat revenue growth year over year”
“Zacks Rank · for Verizon · is · #3 (Hold)”
“Verizon · plans to accelerate · the availability of its 5G Ultra Wideband network · covering 175 million people by the end of 2022”
“Verizon VZ · posted Q1 results · ahead of today's open”
“Verizon VZ · earned · $1.35 per share · exactly aligned with the Zacks consensus”
“Verizon VZ · posted · Q1 results ahead of today’s open”
“Verizon VZ · has earnings of · $1.35 per share · exactly aligned with the Zacks consensus”
“Verizon VZ · made · three out of four positive surprises on the bottom line”
“sales in the quarter for Verizon VZ · came in at · $33.55 billion · +0.51% from expectations”
“Verizon VZ · is selling the news · -3.5% ahead of the opening bell”
“American Express and Verizon · were among · the earnings movers”