Verizon Communications Inc
VZ: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| P> | LOCK|RQ$x! | LOCK|rP##!$N |
Verizon Earnings: Customer Metrics Improve, as Cost-Cutting Offsets Weak Revenue
Verizon grew revenue 2.9% during the first quarter, but we estimate sales would have been down about 1% excluding the Frontier acquisition. Adjusted EBITDA expanded 6.7% (about 3% excluding Frontier) on strong cost-cutting following a large workforce reduction last year.
