Verizon Earnings inline, Revenue Beats In Q1
2022.04.22 14:47
Verizon Earnings inline, Revenue Beats In Q1
Investing.com – Verizon (NYSE:VZ) reported on Friday first quarter earnings that matched analysts’ forecasts and revenue that topped expectations.
Verizon announced earnings per share of $1.35 on revenue of $33.6B. Analysts polled by Investing.com anticipated EPS of $1.35 on revenue of $33.4B.
Verizon shares are down 10% from the beginning of the year, still down 8.09% from its 52 week high of $59.85 set on May 10, 2021. They are under-performing the S&P Global 100 which is down 5.62% from the start of the year.
Verizon shares lost 1.38% in pre-market trade following the report.
Verizon follows other major Communication Services sector earnings this month
Verizon’s report follows an earnings beat by AT&T on Thursday, who reported EPS of $0.77 on revenue of $38.11B, compared to forecasts EPS of $0.7485 on revenue of $38.25B.
Netflix had beat expectations on Tuesday with first quarter EPS of $3.53 on revenue of $7.87B, compared to forecast for EPS of $2.95 on revenue of $7.94B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
