Company News: Verizon (VZ) quarterly results beat analysts’ forecasts

Market news

21 April 2021

Company News: Verizon (VZ) quarterly results beat analysts’ forecasts

Verizon (VZ) reported Q1 FY 2021 earnings of $1.31 per share (versus $1.26 per share in Q1 FY 2020), beating analysts’ consensus estimate of $1.28 per share.

The company’s quarterly revenues amounted to $32.867 bln (+4.0% y/y), beating analysts’ consensus estimate of $32.473 bln.

The company also reaffirmed guidance for FY 2021, projecting EPS of $5.00-5.15 versus analysts’ consensus estimate of $5.07.

VZ fell to $58.19 (-0.34%) in pre-market trading.

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