Verizon forecasts smaller-than-expected 2023 earnings per share

January 24, 2023 7:48 AM EST

By Scott Kanowsky -- Shares in Verizon Communications Inc (NYSE: VZ) fell in U.S. pre-market trading after the telecoms company unveiled guidance for 2023 earnings per share that was lower than expected.

In a statement, the group said it now expects EPS for the year to come in at between $4.55 and $4.85, below Bloomberg consensus estimates of $4.97.

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