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.
| Symbol | Mutual Fund | Stake |
|---|---|---|
| VTSMX | Vanguard Total Stock Market Index | 1.76% |
| VFINX | Vanguard 500 Index | 1.12% |
| VWELX | Vanguard Wellington | 0.71% |
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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