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What Verizon's Earnings Mean For Mutual Fund Investors (VZ)

Verizon communications logo
Before the opening bell on Tuesday, Verizon (VZ) released its first quarter financial results. Here’s what the results mean for mutual fund investors.

Inside VZ’s Results

Earnings

Verizon (VZ ) reported Q1 earnings of $4.338 billion, or $1.02 per share, down from $5.986 billion, or $1.15 per share, last year. Analysts expected to see EPS of 95 cents.

Revenue
Revenue increased 3.8% to $32 billion, which fell short of analysts’ estimate of $32.27 billion.

Will Internet-Based TV Options Cut Into Profits?

Verizon recently announced that it has adjusted its cable options. The changes will make it more flexible for customers to choose what groups of channels they are interested in. Many consumers have been cutting their cable services for lower priced internet-based options like Netflix (NFLX).

Mutual Funds to Watch

Investors considering a stake in VZ may be interested in the funds listed below. These funds currently hold the largest stakes in the company.

The Bottom Line

The funds above offer investors exposure to a diverse group of securities and industries. Investors interested in VZ may also be interested in AT&T.

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Why 30 trillion is invested in mutual funds book

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Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

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Verizon communications logo

What Verizon's Earnings Mean For Mutual Fund Investors (VZ)

Before the opening bell on Tuesday, Verizon (VZ) released its first quarter financial results. Here’s what the results mean for mutual fund investors.

Inside VZ’s Results

Earnings

Verizon (VZ ) reported Q1 earnings of $4.338 billion, or $1.02 per share, down from $5.986 billion, or $1.15 per share, last year. Analysts expected to see EPS of 95 cents.

Revenue
Revenue increased 3.8% to $32 billion, which fell short of analysts’ estimate of $32.27 billion.

Will Internet-Based TV Options Cut Into Profits?

Verizon recently announced that it has adjusted its cable options. The changes will make it more flexible for customers to choose what groups of channels they are interested in. Many consumers have been cutting their cable services for lower priced internet-based options like Netflix (NFLX).

Mutual Funds to Watch

Investors considering a stake in VZ may be interested in the funds listed below. These funds currently hold the largest stakes in the company.

The Bottom Line

The funds above offer investors exposure to a diverse group of securities and industries. Investors interested in VZ may also be interested in AT&T.

If you’ve enjoyed this article, sign up for the free MutualFunds.com newsletter; we’ll send you similar content weekly.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next