Verizon Communications Q3 2024 Adj. EPS $1.19 Beats $1.18 Estimate, Sales $33.3B Miss $33.432B Estimate
Portfolio Pulse from Benzinga Newsdesk
Verizon Communications reported its Q3 2024 financial results, with adjusted EPS of $1.19 beating the estimate of $1.18, but sales of $33.3 billion missing the expected $33.432 billion.
October 22, 2024 | 11:01 am
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NEUTRAL IMPACT
Verizon's Q3 2024 adjusted EPS of $1.19 exceeded expectations, but sales fell short at $33.3 billion compared to the $33.432 billion estimate. This mixed result may lead to a neutral to slightly positive short-term impact on the stock price.
The earnings per share (EPS) beat indicates strong profitability, which is positive for investors. However, the sales miss suggests potential challenges in revenue growth. The mixed results may balance each other out, leading to a neutral short-term impact on the stock price.
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