Verizon Communications (VZ) said, for fiscal 2026, the company now expects adjusted EPS of $4.95 to $4.99, or year-over-year growth of 5.0 to 6.0 percent. Previously, the company expected adjusted EPS of $4.90 to $4.95. Total retail postpaid phone net additions are now expected to be in the top half of the 750,000 to 1.0 million range, which is approximately 2 to 3 times the 2025 reported result. Verizon continues to expect: total mobility and broadband service revenue growth of 2.0 percent to 3.0 percent, equating to approximately $93 billion; and wireless service revenue growth of approximately flat.
First quarter consolidated net income was $5.1 billion, a 3.3 percent increase year-over-year. EPS was $1.20, a growth of 4.3 percent. Consolidated adjusted EBITDA grew 6.7 percent to $13.4 billion. Adjusted EPS was $1.28, a 7.6 percent increase from last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.