Verizon: raises FCF guidance for 2023
(CercleFinance.com) - On Tuesday Verizon Communications raised its FCF forecast for 2023 following better-than-expected Q3 results.
NB: pmt +5% almost.
In the three months to end-September, the US telecom operator posted net income that was down 2.8% to $4.9bn, on sales that decreased 2.6% to $33.3bn.
Excluding extraordinary items, EPS was $1.22, above the consensus of $1.11.
Verizon said that it has raised its FCF forecast for the year, now looking for a figure of at least $18bn, compared with $17bn previously.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
NB: pmt +5% almost.
In the three months to end-September, the US telecom operator posted net income that was down 2.8% to $4.9bn, on sales that decreased 2.6% to $33.3bn.
Excluding extraordinary items, EPS was $1.22, above the consensus of $1.11.
Verizon said that it has raised its FCF forecast for the year, now looking for a figure of at least $18bn, compared with $17bn previously.
Copyright (c) 2023 CercleFinance.com. All rights reserved.