Verizon Communications (VZ) Tops Q3 EPS by 3c, Offers Guidance
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Verizon reports 3Q results marked by revenue growth momentum
October 21, 2022 7:30 AM EDTSequential improvement in Verizon Consumer postpaid phone gross additions
Fifth consecutive quarter that Verizon Business reported more than 150,000 postpaid phone net additions
3Q 2022 highlights
Consolidated:
$1.17 in earnings per share (EPS), compared with $1.55 in third-quarter 2021; adjusted EPS1, excluding special items, of $1.32, compared with $1.42 in third-quarter 20212.Total revenue of $34.2 billion, an increase of 4.0 percent from third-quarter 2021.Net income of $5.0 billion, a decrease of 23.3 percent from third-quarter 2021, and adjusted EBITDA1 of $12.2 billion, down 0.4 percent year over year.... More