Verizon Communications (VZ) reported Q1 adjusted earnings Tuesday of $1.19 per share, up from $1.15 a year earlier.

Analysts polled by FactSet expected $1.15.

Operating revenue for the quarter ended March 31 was $33.49 billion, up from $32.98 billion a year earlier.

Analysts surveyed by FactSet expected $33.28 billion.

For 2025, the company said it continues to expect adjusted EPS growth of zero to 3%. Analysts polled by FactSet expect $4.68.

Verizon Communications shares were down over 3% in recent premarket activity.