Verizon Raises Profit Guidance Following Strong Q1 Performance
Verizon reported first-quarter revenue of $34.4 billion, slightly below estimates, but exceeded earnings expectations with adjusted EPS of $1.28. The company raised its full-year adjusted EPS guidance to $4.95 to $4.99, indicating 5% to 6% growth. Verizon also highlighted potential revenue from AI infrastructure projects with hyperscalers and cloud providers.
Tickers: $VZ
Topics: 5G AI infrastructure CEO change earnings financial performance profit guidance revenue