By Adriano Marchese
Verizon Communications shares were lower in premarket trading after the company reported more mobile customer losses in the first quarter than expected, despite a strong quarter overall.
The telecom giant said Tuesday that it has lost 289,000 wireless postpaid phone business and consumer subscribers, a closely watched metric, which was more than it had lost a year earlier when the company lost 114,000 postpaid phone users.
Total revenue rose 1.5%, to $33.5 billion. Analysts surveyed by FactSet had forecast revenue of $33.28 billion.
Verizon's total wireless-service revenue rose 2.7% and consumer revenue rose 2.2%. It also logged 339,000 net additions to its broadband business and said it is on track to achieve eight million to nine million fixed wireless access subscribers by 2028.
Net profit came to $5 billion, or $1.15 a share, in the first quarter, compared with $4.7 billion, or $1.09 a share, a year earlier.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
April 22, 2025 08:15 ET (12:15 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。