Free Trial

Verizon Q1 Broadly In Line; Doesn’t Look Like A Spread Mover

COMMUNICATIONS


  • Q1 revenue and EBITDA was broadly in line with expectations. Equity pre-market headlines seem driven by the EPS beat by 2.7%. Guidance unchanged.
  • Credit metrics look stable; reported unsecured EBITDA leverage of 2.6x flat to Q4 while FCF of USD 2.7bn was higher than the USD 2.3bn in Q123.
  • EUR spreads have grinded to 4bps tighter on the day though have been muted since the release.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.