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Verizon Communications' Q3 Adjusted Earnings, Revenue Fall; Reaffirms 2024 Adjusted Earnings Guidance
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Verizon Communications' Q3 Adjusted Earnings, Revenue Fall; Reaffirms 2024 Adjusted Earnings Guidance
Oct 22, 2024 12:08 PM

07:29 AM EDT, 10/22/2024 (MT Newswires) -- Verizon Communications ( VZ ) reported Q3 adjusted earnings Tuesday of $1.19 per diluted share, down from $1.22 a year earlier.

Analysts polled by Capital IQ expected $1.18.

Total operating revenue for the quarter ended Sept. 30 was $33.33 billion, down slightly from $33.34 billion a year earlier.

Analysts surveyed by Capital IQ expected $33.42 billion.

The company reaffirmed its 2024 adjusted earnings guidance of $4.50 to $4.70 per diluted share. Analysts surveyed by Capital IQ expect $4.57.

The company also said it continues to expect total 2024 wireless service revenue growth of 2% to 3.5%.

Price: 43.28, Change: -0.42, Percent Change: -0.96

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