$VZ - VERIZON BEATS EPS ESTIMATES, ADDS TWICE AS MANY PHONE SUBSCRIBERS AS EXPECTED Verizon Q3 results: 🔸 Adjusted EPS: $1.31 vs. $1.27 ex…
$VZ - VERIZON BEATS EPS ESTIMATES, ADDS TWICE AS MANY PHONE SUBSCRIBERS AS EXPECTED
Verizon Q3 results:
🔸 Adjusted EPS: $1.31 vs. $1.27 expected
🔸 Revenue: $34.3B vs. $34.74B expected
🔸 Postpaid phone additions: 406K vs. 209K expected
🔸 Broadband additions: 314K
Verizon also announced an AI infrastructure deal with Amazon Web Services worth over $2B.
FY guidance: Adjusted EPS of $5.04–$5.06, with 1.1M–1.2M postpaid phone additions.
The key takeaway: Strong subscriber growth and an AWS AI deal offset a modest revenue miss, while Verizon maintains its capex outlook.
Related tickers: $VZ, $AMZN, $T
Source: Verizon Q3 Earnings Release