Verizon Communications (VZ) Tops Q1 EPS by 1c
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Verizon begins 2023 with rapid network expansion and the most broadband additions in over a decade
April 25, 2023 6:50 AM EDTCompany's total wireless postpaid phone gross additionsincreased 5.3 percent year over year
Cash flow from operations increased $1.5 billion year over year, and free cash flow1 increased $1.3 billion year over year
1Q 2023 highlights
Consolidated:
$1.17 in EPS, compared with $1.09 in first-quarter 2022; adjusted EPS1, excluding a special item, of $1.20, compared with $1.35 in first-quarter 2022.Total operating revenue of $32.9 billion, a decrease of 1.9 percent from first-quarter 2022.Net income of $5.0 billion, an increase of 6.5... More