Verizon's Positive Pricing Strategy Supports Future Growth, Broadband Growth to Rely on Fiber and Fixed Wireless: Analyst

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Adjusted EBITDA reached $12.5 billion, just above both Goldman Sachs’ forecast of $12.43 billion and the Street’s $12.40 billion.Free cash flow was $6.0 billion, aligning with Goldman Sachs’ $6.1 billion and just ahead of the Street’s $5.9 billion.

Verizon’s quarterly results aligned closely with expectations.Revenue was $33.3 billion, matching Goldman Sachs’ estimate but slightly below the consensus of $33.5 billion.

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Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United States

Topics: Reiteration Analyst Ratings Trading Ideas Benzinga Price Target Tech VZ Stories That Matter Expert Ideas News Analyst Color Briefs US92343V1044 Top Stories

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 18:08:09 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 460 words

Reading Time: 3 minutes read

Sentences: 20 lines

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Copyright Owner: © Benzinga

News ID: 23205122

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