Home › Verizon Q1 results, profit fall on pandemic but cash flow still strong
 

Keywords :   


Verizon Q1 results, profit fall on pandemic but cash flow still strong

2020-04-24 15:31:00| Telecompaper Headlines

(Telecompaper) Verizon reported lower results for the first quarter, impacted by the coronavirus pandemic and the adoption of a new revenue recognition standard, as well as an increase in bad debt due to crisis. The company said it increased its bad debt reserve in the quarter by USD 288 million based on the number of customers seeking payment relief under the Keep Americans Connected pledge.

Tags: results still fall strong

Category:Telecommunications

Latest from this category

All news
12.03Reengineering Enterprise AI From Infrastructure to Agents
09.03Make Your Azure Data Platform AI-Ready
04.03Your AI Agents Are Only As Smart As Your Data Infrastructure
Telecommunications »
16.03Firms to be paid to hire unemployed young people
16.03Ukraine's urgent fight on the financial frontline
16.03Starmer to set out support plan for heating oil costs
16.03Starmer to set out support plan for heating oil costs
15.03UK looking at all options to secure Strait of Hormuz, says Miliband
15.03We will intervene on energy bills if necessary, says Miliband
15.03Banknotes, beavers and a very British backlash
15.03Banknotes, beavers and a very British backlash
More »