Verizon Communications Inc

VZ: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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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.

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