Verizon Communications (VZ) Tops Q3 EPS by 4c, Offers Guidance
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Verizon reports strong 3Q results momentum, raises free cash flow guidance
October 24, 2023 7:00 AM EDTCompany ended the quarter with approximately 10.3 million broadband subscribers, an increase of nearly 21 percent year over year
Year-to-date cash flow from operations increased approximately $600 million year over year, and year-to-date free cash flow1 increased $2.2 billion year over year
3Q 2023 highlights
Consolidated:
$1.13 in EPS, compared with $1.17 in third-quarter 2022; adjusted EPS1, excluding special items, of $1.22, compared with $1.32 in third-quarter 2022.Total operating revenue of $33.3 billion, a decrease of 2.6 percent from third-quarter 2022.Year-to-date cash flow from operations of $28.8 billion, an increase from... More