Verizon Communications (VZ) Reports In-Line Q2 EPS, Beats on Revenues

Verizon Communications (NYSE: VZ) reported Q2 EPS of $0.96, in-line with the analyst estimate of $0.96. Revenue for the quarter came in at $30.55 billion versus the consensus estimate of $29.91 billion.

Outlook and forward-looking items

Verizon expects the following:

• Full-year 2017 consolidated revenues, on an organic basis, to be fairly consistent with 2016, with improvement in wireless service revenue and equipment revenue trends; also, full-year 2017 consolidated adjusted EPS trends to be similar to consolidated revenue trends;
• Consolidated capital spending for 2017 to be in the range of $16.8 billion to $17.5 billion; and
• The 2017 effective tax rate to be at the low end of the range of 34 percent to 36 percent, excluding impacts from potential tax reform.

For earnings history and earnings-related data on Verizon Communications (VZ) click here.

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