📊 Verizon reports Q3 2024 results: slight disappointment, but overall outlook is stable 📈

Verizon $VZ, one of the top telecommunications companies in the U.S., today released its Q3 2024 results . While revenue in the wireless equipment segment fell short of market expectations, the company is sticking to its full-year guidance.

📱Details on Q3 results: The company's key wireless services segment brought in $19.8 billion. While this was slightly behind market estimates ($19.88 billionwas expected ), the segment remains stable. The wireless equipment segment underperformed at $5.3 billion versus the expected $5.52 billion.

Adjusted EBITDA was up year-on-year by 2,5 % to USD 12.5 billion, slightly ahead of market expectations (USD 12.44 billion). This growth underlines the company's stability in its core segments. FIOS Internet: In this segment, Verizon reported an increase of 43,000 new subscribers, beating analysts' average estimates ( 40,000 were expected ).

🗓️Roční company outlook: Adjusted earnings per share are expected to be in the range of $4.5-4.7. The market had assumed $4.58, which is solidly within expectations. Wireless Growth: The company is targeting growth in the range of 2-3,5 %. Adjusted EBITDA is expected to grow between 1-3 %, confirming stable performance and cost control. Capital expenditures are estimated to be betweenUSD 17 billion and USD 17.5 billion, slightly above expectations (USD 17.17 billion). The company thus continues to invest heavily in network and infrastructure development.

CEO comment: CEO Hans Vestberg said Verizon is on track to meet its full-year plan. He expects wireless services and adjusted EBITDA results to be at least in the mid-range of guidance. Thus, the company remains firm in its strategic direction despite slight variances in some segments. 🌐

🔎 Citi analystsassess the results as "solid overall" and highlight the stable competitive environment. Although Verizon lagged in phone upgrades, their market position remains strong.

Although results in one segment were not perfect, Verizon in my opinion, still represents a stable and attractive opportunity in the telecommunications sector. The results indicate that the company is handling the challenges well and continues to invest in the development of its infrastructure.

What is your opinion of Verizon?