Verizon Reports Stable Q1 Earnings, Affirms 2024 Financial Outlook

Verizon Communications sees a slight revenue increase and reaffirms its growth projections for 2024, despite mixed market reactions.

Verizon's Q1 earnings slightly miss revenue expectations with $32.98 billion, but adjusted EPS of $1.15 beats forecasts.
Wireless service revenue rises 3.3% year-over-year, driven by pricing actions and higher plan adoption.
Company reports net income of $4.72 billion, surpassing projections and maintaining a positive outlook for the year.
Verizon's stock fluctuates, rising in premarket trading but falling post-opening, amidst broader market movements.
The company plans to enhance its services by enabling AI at scale, aiming for improved business and customer service.