Verizon says it is "well-positioned" for 2024 growth

Investing.com -- Verizon has unveiled an annual earnings forecast range that was above analyst estimates at the midpoint, as the telecoms group said it was "well-positioned" for growth in 2024.

Adjusted profit per share for the current year is seen at between $4.50 to $4.70. Bloomberg consensus projections had seen the outlook at $4.58.

Shares in the company moved higher in premarket U.S. trading on Tuesday.

This is a developing story. Please check back later for updates.

You May Also Be Interested In

• onsemi downgraded by TD Cowen after Synaptics deal clouds growth story
• KeyBanc lowers Nike rating to Sector Weight on near-term uncertainty
• Apple’s big price hike seen as "an unprecedented push to protect margins"