Verizon Communications (VZ) Tops Q1 EPS by 3c; Provides Updated FY20 Financial Outlook
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- S&P 500, Nasdaq futures tick up as tech steadies, Micron earnings eyed
- Brent extends losses on expectations of smoother crude flows via Hormuz
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- KKR launches Helix with over $10 billion to build AI infrastructure
Verizon begins 2020 with strong earnings and cash flow from focused strategic execution
April 24, 2020 7:30 AM EDT1Q 2020 highlights
Consolidated:
$1.00 in earnings per share (EPS), compared with $1.22 in 1Q 2019; adjusted EPS (non-GAAP), excluding special items, of $1.26, compared with $1.20 in 1Q 2019.Operating revenue decline of 1.6 percent from first-quarter 2019.Cash flow from operations of $8.8 billion, an increase of $1.7 billion from first-quarter 2019.Consumer:
Total revenue of $21.8 billion, a decrease of 1.7 percent year over year.525,000 retail postpaid net losses, including 307,000 phone net losses and 167,000 postpaid smartphone net losses.Total retail postpaid churn of 1.01 percent, and retail... More