Nucor earnings beat by $0.08, revenue fell short of estimates
BASKING RIDGE, N.J. - Today, Verizon Communications Inc. (NYSE, Nasdaq: VZ) conducted its annual shareholders’ meeting virtually, where a series of corporate governance matters were voted upon. The preliminary results, released by the company, indicated that all ten of Verizon’s directors have been re-elected to serve a one-year term.
In addition to the board elections, shareholders approved two management proposals. The first endorsed the compensation package for Verizon’s named executive officers as outlined in the company’s 2025 proxy statement. The second ratified the appointment of Ernst & Young LLP as Verizon’s independent registered public accounting firm for the coming year.
Conversely, all three shareholder proposals presented at the meeting were defeated. These included a request for a report on the company’s alignment with climate lobbying efforts, a report on the use of lead-sheathed cables, and an assessment of potential risks related to discrimination in advertising services.
The vote tallies announced are considered preliminary. The final results will be subject to verification and certification by independent inspectors of elections and will be made available on Verizon’s official website.
Verizon Communications is a global leader in delivering wireless and broadband services. With headquarters in New York City, the company serves a broad international customer base, including nearly all Fortune 500 companies. Currently trading at an attractive P/E ratio of 10.3, the company offers a substantial 6.19% dividend yield. In 2024, Verizon reported revenues of $134.8 billion, underscoring its significant footprint in the telecommunications industry. The company prides itself on continuous innovation to meet the evolving needs of its customers. For detailed valuation metrics and comprehensive analysis, investors can access the full InvestingPro Research Report, which provides expert insights on Verizon’s market position and growth potential.
This announcement is based on a press release statement from Verizon Communications Inc. and provides shareholders and the public with the latest governance decisions made by the company. The information reflects the voting outcomes of the annual meeting held today and highlights the company’s ongoing commitment to corporate governance and accountability.
In other recent news, Verizon Communications Inc. reported its first-quarter 2025 earnings, which included an adjusted earnings per share (EPS) of $1.19, surpassing the forecast of $1.15. The company’s revenue reached $33.5 billion, slightly exceeding expectations of $33.37 billion. Despite these positive results, Verizon faced challenges, including a significant loss of 356,000 consumer postpaid phone net additions. KeyBanc Capital Markets maintained its Sector Weight rating on Verizon, noting a mixed first quarter and adjusting its EBITDA forecast, raising it for 2025 but lowering it for 2026. Meanwhile, Bernstein analysts held their Market Perform rating with a $46 price target, acknowledging the competitive pressures Verizon faces in the telecom sector.
Verizon has also announced a $5 billion investment to support U.S. small business suppliers through its Small Business Supplier Accelerator program. This initiative aims to strengthen the supply chain by integrating more small businesses, including those owned by veterans, into Verizon’s network. Additionally, Verizon’s Small Business Digital Ready program is offering $10,000 grants to eligible small businesses, with a goal to equip one million small businesses for the digital economy by 2030. These developments reflect Verizon’s ongoing efforts to bolster its market position while facing competitive challenges and operational hurdles.
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