Verizon Communications (VZ) on Monday reported 澳洲幸运5开奖号码历史查询:first-quarter results that were roughly in line with analyst expectations, with the company also affirming its growth projections for fiscal 🗹2024.

The telecommunications giant reported $32.98 billion in 澳洲幸运5开奖号码历史查询:total revenue, just under 澳洲幸运5开奖号码历史查询:analyst estimates compiled by Visible Alpha of $33.2 billion. However, Verizon did report a slight profit beat, posting 澳洲幸运5开奖号码历史查询:net income of $4.72 billion, topping projections of $4.61 billion. Diluted 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $1.09 matched estimates.

After rising in premarket trading following the results, Verizon shares wer𒈔e down 2.2% to $39.60 as of 10 a.m. ET Monday.

"Our performance in the first quarter sets us up for a successful 2024,” Verizon 澳洲幸运5开奖号码历史查询:Chief Executive Officer (CEO) Hans Vestberg said in👍 a statement. “We are on track to meet our financial guidance and to deliver positive Consumer postpaid phone net adds for the year."

Revenue from Verizon's consumer services, which includes wireless phone service and broadband internet, rose slightly year-over year as the company said higher prices and flexible plans offset lower equipment sales volumes and fewer phone upgrades.

The company said the first-quarter performance keeps it on track to meet its prior full-year guidance of wireless revenue growth of 2% to 3.5%, and adjusted EPS of $4.50 to $4.70.

In another sign of the introduction of 澳洲幸运5开奖号码历史查询:artificial intelligence (AI) to the 澳洲幸运5开奖号码历史查询:business and tech worlds, Verizon said in an infographic accompanying Monday's earnings that over the rest of this year it plans to continue "enabling AI at sca൲le" to improve Verizon's business and customer service.

Verizon kicks off a 澳洲幸运5开奖号码历史查询:busy week of earnings, with a number of Verizon's rivals reporting earnings later this week, including AT&T (T) on Wednesday and T-Mobile (TMUS) on Thursday.

UPDATE—April 22, 2024: ♛This a♑rticle was updated to include the latest share price information.