Verizon Sinks Despite Q1 Beats

Eric Volkman, The Motley Fool
·2-min read
Verizon Sinks Despite Q1 Beats

On Wednesday morning, Verizon Communications (NYSE: VZ) released its latest set of quarterly results, which were met with a shrug despite some encouraging growth numbers. Generally accepted accounting principles (GAAP) net income also headed north, advancing by 25% to $5.38 billion. On average, the prognosticators following Verizon's stock were expecting $32.47 billion on the top line and a per-share adjusted net profit of $1.29.