Verizon Stock (VZ) Defies Mixed Q3 Results; CEO Admits Telco ’Falling Short’ of Potential
Verizon shares shrug off turbulent earnings as leadership confronts performance gaps.
The Growth Dilemma
While traditional telecoms wrestle with quarterly volatility, digital assets continue demonstrating why they're reshaping global finance. Verizon's struggle to meet expectations highlights the contrast between legacy infrastructure and decentralized networks that operate 24/7 without quarterly performance anxiety.
Leadership's Candid Assessment
The CEO's admission of underperformance echoes through corporate boardrooms while crypto protocols silently execute their code—no apologies needed, no potential left unrealized. Telecom giants measure success in quarterly increments; blockchain networks measure it in perpetual innovation cycles.
Market's Selective Attention
Investors overlooking mixed results might be onto something—maybe they recognize that in today's landscape, consistent underperformance deserves more than temporary market forgiveness. At least crypto's volatility comes with the promise of actual technological transformation rather than just another corporate restructuring.
Another quarter, another 'we'll do better next time' from legacy telecom—meanwhile, decentralized networks just keep running without needing motivational speeches.
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On the positive side, the New York-based company reported adjusted earnings per share (EPS) of $1.21, up about 2% from $1.19 in the same period last year — Wall Street had expected EPS to remain flat. However, its total revenues of $33.8 billion — which ROSE 1.5% year-over-year — fell short of analysts’ anticipation of $34.26 billion.
Verizon Loses Individual Wireless Subscribers
During the quarter, Verizon signed up 306,000 new customers to its broadband internet service, even as it added 110,000 new monthly business subscribers to its standard wireless plans. However, the telco lost 7,000 individual subscribers to its monthly postpaid wireless service when compared to the same period last year, when it added 18,000.
Speaking on the company’s latest performance, Dan Schulman, PayPal’s (PYPL) former chief exec who joined the telco as CEO earlier this month, noted that the company was “clearly falling short” of its potential.
Schulman said that Verizon has not been able to convert its substantial investment in becoming a premier network solutions provider into “winning the market”. As a result, the CEO added, the company is “not generating the financial profile necessary for share price appreciation”.
