Verizon Communications Q1 2024 Adj EPS $1.15 Beats $1.12 Estimate, Sales $33.000B Miss $33.239B Estimate
Portfolio Pulse from Benzinga Newsdesk
Verizon Communications reported Q1 2024 adjusted EPS of $1.15, surpassing the $1.12 estimate, but its sales of $33.000B fell short of the $33.239B estimate. This represents a slight 0.27% increase in sales compared to the same period last year.
April 22, 2024 | 11:00 am
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Verizon Communications beats Q1 2024 EPS estimates but misses on sales, showing a slight year-over-year growth.
The mixed earnings report from Verizon, with an EPS beat but a miss on sales forecasts, could lead to neutral market reactions. Investors might appreciate the earnings beat, but concerns over the slight miss in sales expectations and modest sales growth could temper any positive sentiment.
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