Verizon Communications Inc

VZ: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Verizon Earnings: Modest Steady Growth Should Continue as Broadband Expands; Shares Attractive

Michael Hodel

Oct 22, 2024

Third-quarter wireless service revenue increased 2.7%, while phone sales continued to decline. Verizon added 81,000 net postpaid consumer wireless customers versus a 51,000 net loss a year ago. Adjusted EBITDA increased 2.1%, while free cash flow dipped slightly on higher cash taxes.

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Verizon Communications Inc

Verizon Earnings: Modest Steady Growth Should Continue as Broadband Expands; Shares Attractive

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