Company News: Verizon (VZ) quarterly results beat analysts’ estimates

Market news

21 July 2021

Company News: Verizon (VZ) quarterly results beat analysts’ estimates

Verizon (VZ) reported Q2 FY 2021 earnings of $1.37 per share (versus $1.18 per share in Q2 FY 2020), beating analysts’ consensus estimate of $1.30 per share.

The company’s quarterly revenues amounted to $33.764 bln (+10.9% y/y), beating analysts’ consensus estimate of $32.733 bln.

The company also issued upside guidance for FY 2021, projecting EPS of $5.25-5.35 versus analysts’ consensus estimate of $5.14 and its prior guidance of $5.00-5.15.

VZ rose to $56.25 (+1.21%) in pre-market trading.

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