Verizon Reaffirms 2024 Guidance: Wireless Revenue Growth of 2.0%-3.5%, Adjusted EPS of $4.50-$4.70, Capex at $17B-$17.5B
Portfolio Pulse from Benzinga Newsdesk
Verizon has reaffirmed its 2024 financial guidance, projecting wireless revenue growth between 2.0% and 3.5%, adjusted EPS of $4.50 to $4.70, and capital expenditures ranging from $17 billion to $17.5 billion.
October 22, 2024 | 11:03 am
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Verizon has reaffirmed its 2024 guidance, indicating stable growth expectations with wireless revenue growth of 2.0%-3.5%, adjusted EPS of $4.50-$4.70, and capex of $17B-$17.5B.
The reaffirmation of guidance suggests confidence in meeting financial targets, which is generally positive for investor sentiment. The projected growth in wireless revenue and stable EPS range indicate a solid performance outlook, likely supporting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100