Verizon Q1 Adj. Profit Declines; Now Sees FY22 Adj. EPS At Lower End Of Guidance Range

Verizon Communications Inc. (VZ) reported a year-on-year decline of 0.7% in its first-quarter adjusted earnings per share. Operating revenue increased 2.1% from last year. The company said its performance produced best broadband result in over a decade, a surge in upgrades and increased wireless service revenue growth.

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