Verizon reported earnings per share of $1.09 for Q1 2024, compared with $1.17 a year earlier. On an adjusted basis, excluding special items, EPS was $1.15, versus $1.20 a year earlier. Net income was $4,722 million, compared with $5,018 million a year earlier.

1. 01

   Verizon reported earnings per share of $1.09 for Q1 2024, compared with $1.17 a year earlier. On an adjusted basis, excluding special items, EPS was $1.15, versus $1.20 a year earlier. Net income was $4,722 million, compared with $5,018 million a year earlier.

2. 02

   The company said total wireless service revenue for Q1 was $19.5 billion, up 3.3% from a year earlier. It cited pricing actions, higher premium plan adoption and growth in its fixed wireless subscriber base as the main drivers.

3. 03

   Verizon said cash flow from operations for Q1 was $7.1 billion, compared with $8.3 billion a year earlier. Capital expenditures were $4.4 billion, versus $6.0 billion a year earlier, and free cash flow was $2.7 billion, compared with $2.3 billion a year earlier.

4. 04

   The company said it continues to expect full-year 2024 guidance for total wireless service revenue growth of 2.0% to 3.5%, adjusted EBITDA growth of 1.0% to 3.0%, adjusted EPS of $4.50 to $4.70, and capital expenditures of $17.0 billion to $17.5 billion.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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