India, April 22 -- Telecom major Verizon Communications Inc. (VZ), while reporting higher first-quarter earnings above market, on Tuesday said it remains confident in achieving fiscal 2025 outlook.
In pre-market activity on the NYSE, Verizon shares were losing around 3.9 percent to trade at $41.25. Verizon reported a larger-than-expected decline in mobile-phone subscribers in the first quarter, reports said.
Looking ahead to fiscal 2025, Verizon continues to expect adjusted earnings growth of 0 to 3.5 percent and adjusted EBITDA growth of 2 percent to 3.5 percent, on total wireless service revenue growth of 2 percent to 2.8 percent.
The company added that it is well-positioned to achieve the next milestone of 8 to 9 million fixed wireles...