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Shares of the New York-based telecom company were down 0.8% in premarket trading.
Verizon<\/a> has seen broadband demand surge following its scale-up of the technology behind 5G connectivity<\/a>, but its fast-growing rivals AT&T<\/a> Inc and T-Mobile<\/a> have stayed a step ahead with their focus on promotional activity and 5G network<\/a> development.
High inflation has also prompted customers to put off their device upgrades and seek cheaper plans, offsetting the growth that Verizon recorded with its enterprise customers.
The carrier lost 127,000 net monthly bill-paying wireless phone subscribers in the quarter, after dropping 263,000 users in its consumer business. Factset had estimated a loss of 121,000 subscribers.
Free cash flow, a metric closely watched by investors to help determine dividend payouts, more than doubled to $2.3 billion in the quarter, but came in below the $2.7 billion estimated by 17 analysts polled by Visible Alpha<\/a>.
Last week, AT&T also missed market estimates for first-quarter revenue and free cash flow, underpinning the pinch that telecom firms have felt this year from a slowdown in consumer spending.
Verizon's total revenue fell 1.9% to $32.9 billion in the quarter ended March 31, below analysts' estimates of $33.57 billion, according to Refinitiv data.
Excluding items, Verizon earned $1.20 per share, on-par with Wall Street expectations.
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总部设在纽约的电信公司的股票在盘前交易下跌0.8%。
威瑞森扩大后的宽带需求激增背后的技术吗5 g连接,但其快速增长的竞争对手美国电话电报公司(AT&T)公司和t - mobile保持领先一步的关注和促销活动5 g网络发展。
高通胀也促使客户推迟他们的设备升级和寻求更便宜的计划,抵消了增长,Verizon记录企业客户。
承运人损失了127000本季度净每月按时付款的无线电话用户,在其消费者业务下降263000用户。Factset估计121000用户的流失。
自由现金流,一个度量受到投资者的密切关注,以帮助确定股息,当季增长逾一倍至23亿美元,但低于调查的17位分析师预计的27亿美元可见α。
上周,美国电话电报公司(AT&T)也低于市场预期第一季度收入和自由现金流,支撑电信公司的压力感觉今年消费者支出放缓。
Verizon的总收入下降1.9%至329亿美元在截至3月31日的一个季度,低于分析师预估的335.7亿美元,根据Refinitiv数据。
扣除特殊项目,Verizon eps为1.20美元,与华尔街预期相提并论。
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