Verizon Communications Q3 Adj EPS $1.22 Beats $1.11 Estimate, Sales $33.30B Beat $31.36B Estimate
Portfolio Pulse from Benzinga Newsdesk
Verizon Communications reported Q3 earnings of $1.22 per share, beating the analyst consensus estimate of $1.11 by 9.91%. However, this is a 7.58% decrease from the same period last year. The company also reported quarterly sales of $33.30 billion, beating the estimate of $31.36 billion by 6.19%, but this is a 2.75% decrease from the same period last year.
October 24, 2023 | 11:01 am
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Verizon's Q3 earnings and sales beat estimates but are down YoY. This mixed result could lead to uncertain market reactions.
Verizon's Q3 earnings and sales exceeded estimates, which is generally positive for the stock. However, the YoY decrease in both earnings and sales might concern investors, potentially offsetting the positive impact of beating estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100