Verizon (VZ) Q1 Earnings Beat On Wireless Strength, View Up
Zacks Investment Research | Apr 22, 2019 10:26PM ET
Verizon Communications Inc. (NYSE:VZ) started 2019 on a promising note with solid performance in the first quarter, primarily led by the wireless business. The company recorded modest top-line growth led by service revenues and remains well poised to benefit from the impending 5G boom.
Quarter Details
GAAP earnings for the reported quarter were $5,032 million or $1.22 per share compared with $4,545 million or $1.11 per share in the year-ago quarter. The year-over-year increase in GAAP earnings was primarily attributable to higher wireless service revenues. Excluding non-recurring items, adjusted earnings were $1.20 per share compared with $1.17 in the year-earlier quarter and beat the Zacks Consensus Estimate by 3 cents.
Verizon Communications Inc. Price, Consensus and EPS Surprise
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