Verizon Communications (VZ) Tops Q2 EPS by 8c; Raises Outlook

Verizon Communications (NYSE: VZ) reported Q2 EPS of $1.37, $0.08 better than the analyst estimate of $1.29. Revenue for the quarter came in at $33.8 billion versus the consensus estimate of $32.68 billion.

"We are executing on our multipurpose network strategy and producing positive results in each of our five growth vectors, recording strong second quarter results. With more connections on our network than anyone else, our already excellent network performance improved in the quarter and was recognized by RootMetrics as the best overall network performance for the 16th time in a row. We are also expanding our 5G Ultra Wideband and 5G Home markets," said Verizon Chairman and CEO Hans Vestberg. "We are excited about our momentum leading into the second half of the year. We are on track to close both the Tracfone and Verizon Media transactions, and will continue to bring value and choice to our customers."

GUIDANCE:

Verizon Communications sees Q3 2021 EPS of $5.25-$5.35, versus prior of $5.00-$5.15 and the consensus of $5.12.

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

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