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Verizon Communications Inc   (VZ)
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Verizon Communications Inc

VZ's Financial Statements and Analysis



Verizon Communications Inc reported in the first quarter of 2024 net earnings per share of $1.09 a decrease by -6.84 % year on year from $1.17 and an improvement compare to net loss per share of $-0.64 realized in previous quarter.


first quarter of 2024
Earnings Per Share Revenues
$ 1.09 $  32,981 Mill
$-0.08     -6.84 % $+69M     +0.21 %



Verizon Communications Inc 's Revenue rose by 0.21 % in first quarter of 2024 (Mar 31 2024) year on year, to $32,981 million and declined by -6.12 % sequentially.


Verizon Communications Inc is

More on VZ's Income Statement



Verizon Communications Inc 's net income of $4,722.000 million in the first quarter of 2024 decreased by -5.9 % from net earnings of $5,018.000 million achieved in I. Quarter a year ago.

Sequentially Company turn into Profitability from net loss of $-2,573.000 million recorded in previous quarter.

More on VZ's Growth

Verizon Communications Inc Inventories
Inventories declined by -12.81 % to $2,076.00 million from I. Quarter a year ago, sequentially inventories rose by 0.92 %. VZ's Cash flow In the first quarter of 2024 company's net cash flow was $411 million, capital expenditures grew by -6556-26.40%, to $-4,825 millions compare to same quarter a year ago

More on VZ's Cash flow Statement


Verizon Communications Inc payed out dividend of $2.63 per share in last 52 weeks representing 98.13 % of net earning per share in trailing twelve-month period.

During the same period Verizon Communications Inc earned $ 8.60 cash per share, on a free-cash flow basis 320.78 % of net earning per share.

Book value grew by 2.16 % sequentially to $22.69 per share, 11.74% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 14.71 per share from $ 14.18.

Company repurchased 4.27 million shares or 0.10 % in Mar 31 2024.
Interest Coverage Ratio was 3.78. Debt Coverage Ratio was 0.15.

More on VZ's Dividends

 Market Capitalization (Millions) 169,013
 Shares Outstanding (Millions) 4,219
 Total Debt (Millions $) 151,698
 Revenue (TTM) (Millions $) 134,043
 Net Income (TTM) (Millions $) 11,799
 Cash Flow (TTM) (Millions $) 1
 Capital Exp. (TTM) (Millions $) -22,832
 Dividend TTM ($) 2.63 $
 Dividend Yield TTM (%) 6.62 %
 Employees (TTM) $ 118,400




Verizon Communications Inc payed out dividend of $2.63 per share in the last 52 weeks representing 98.13 % of net earning per share in trailing twelve-month period.

During the same period Verizon Communications Inc had $ 8.60 cash flow per share, on a free-cash flow basis 320.78 % of net earning per share.

Book value grew by 2.16 % sequentially to $22.69 per share, 11.74% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 14.71 per share from $ 14.18.

Company repurchased 4.27 million shares or 0.10 % in Mar 31 2024.
Interest Coverage Ratio was 3.78. Debt Coverage Ratio was 0.15.

More on VZ's Balance Sheets

 Market Capitalization (Millions) 169,013
 Shares Outstanding (Millions) 4,219
 Total Debt (Millions $) 151,698
 Revenue (TTM) (Millions $) 134,043
 Net Income (TTM) (Millions $) 11,799
 Cash Flow (TTM) (Millions $) 1
 Capital Exp. (TTM) (Millions $) -22,832
 Dividend TTM ($) 2.63 $
 Dividend Yield TTM (%) 6.62 %
 Employees (TTM) $ 118,400
   


  News about Verizon Communications Inc Earnings

Verizon sees a dip in earnings despite revenue growth in Q1 2024

Verizon Communications Inc recently released its financial results for the January to March 31, 2024 interval, showcasing a mixed bag of performance. Despite a slight revenue elevation of 0.21%, the company saw a significant income reduction of -6.84% compared to the same period a year prior. Revenue for the quarter was reported at $32.98 billion, with earnings per share at $1.09. This is in contrast to the prior financial reporting period where income per share turned positive from $-0.64 per share, although revenue decreased by -6.117% from $35.13 billion.
The bottom-line of $4,722.000 million for the January to March 31, 2024 interval fell by -5.9% from $5,018.000 million in the corresponding period a...

Verizon Communications Inc Faces Significant Revenue Decline, Reporting Softer Financial Results for Q4 2023

As a financial journalist at the , I have been closely following Verizon Communications Inc's financial results for the October to December 31, 2023 period. The latest figures are quite concerning, as the company has slipped into a loss per share of $-0.64, a stark contrast to the $1.54 per share it earned a year prior. Additionally, the EPS fell from $1.13 per share from the preceding financial reporting period, indicating a significant decline in profitability.
The revenue also took a hit, decreasing by -0.343% to $35.13 billion from $35.25 billion in the comparable financial reporting period a year prior. However, sequentially, revenue increased by 5.382% from $33.34 billion. It is worth noting that i...

Revitalizing Growth and Resilience: Increase Telecommunications Showcases Promising Performance Amidst Challenges



The recently announced financial results of Increase Telecommunications may have showcased disappointing figures in certain areas, but they also shed light on the company's resilience in the face of challenges. While the third-quarter earnings, EPS, and revenue indicated a slight deterioration, Increase Telecommunications' commitment to innovation, reliability, and customer satisfaction remains unwavering. This article aims to interpret the impact of these financial results and explore how Increase can leverage its strengths to further solidify its position as an industry leader.
Financial Performance Highlights:
In the third quarter of 2023, Increase Telecommunications experienced a declin...

Verizon Battles Unprecedented 11.29% Drop in Earnings Per Share in the Latest Financial Year

Over the past 7 days, Verizon Communications Inc shares have experienced a decline of -0.97%. This decrease in share value contributes to a year-to-date performance of -16.38% for the company. However, it is worth noting that Verizon Communications Inc shares are currently trading 7.4% above their 52-week low.
The recent decline in share value can be attributed to the announcement of soft earnings for the most recent fiscal period by Verizon Communications Inc. During this period, the company's income fell by -11.29% to $1.10 per share. Additionally, revenue decreased by -3.531% to $32.60 billion compared to the previous year. This follows a previous reporting period where revenue decreased by -0.96% fro...


Date modified: 2024-04-25T18:59:36+00:00





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