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.
On an adjusted basis, first-quarter EPS excluding special items, was $1.35, compared to $1.36, last year. On average, 18 analysts polled by Thomson Reuters expected the company to report profit per share of $1.34, for the quarter. Analysts' estimates typically exclude special items. Adjusted EBITDA was $12.0 billion, down 1.1 percent year over year.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.