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Verizon Communications (NYSE:VZ) Third Quarter 2022 Results
Key financial results
- Revenue: USD 34.2 billion (up 4.0% from Q3 2021).
- Net income: USD 4.9 billion (down 24% from Q3 2021).
- Margin: 14% (down from 20% in Q3 2021).
- The decrease in margin was due to an increase in expenses.
- EPS: USD 1.17 (down from USD 1.55 in Q3 2021).
All numbers shown in the chart above are for the last 12 months (TTM) period.
Verizon Communications Earnings Exceeds Expectations, EPS Underperformed
Earnings exceeded analyst estimates by 1.3%. Earnings per share (EPS) fell 7.2% below analyst expectations.
Revenues are projected to grow at an average of 1.7% over the next three years, compared to the US telecom industry forecast of 1.1% annualized rate.
performance of American telecommunications industry.
The company’s stock is down 2.8% from a week ago.
risk analysis
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This article by Simply Wall St is general in nature. We provide comments based on historical data and analyst projections using only unbiased methodologies and our articles are not intended as financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. We aim to deliver long-term focused analysis based on fundamental data. Please note that our analysis may not take into account the latest price sensitive company announcements or qualitative materials. Is not …
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