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Verizon Reports Strong Q1 2021 Earnings

By John F. Heerdink, Jr.

Verizon Communications, Inc. (VZ) reported first-quarter adjusted earnings that topped estimates. For the quarter ending March, Verizon’s adjusted earnings were $1.31 per share, excluding items. Revenues increased 4% to $32.9 billion. A year earlier, Verizon earned $1.26 a share on revenue of $31.6 billion.

Wireless service revenue increased 2.4% to $16.7 billion. Verizon lost 178,000 postpaid wireless phone subscribers fighting intense competition from T-Mobile US Inc and AT&T Inc. It’s business unit revenue rose 1.3% to $7.8 billion. Verizon Media revenues were $1.9 billion, with an increase of about 10.4%.

Verizon Communications, Inc. (VZ) is a worldwide leader in delivering communications and technology solutions that improve the lives of its customers. To learn more about Verizon Communications, Inc. (VZ), and to track its progress please visit the Vista Partners Verizon Communications Inc. Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Verizon Stock Rises As Q1 Earnings, Revenue Top Expectations in Investor's Business Daily)


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