Apex Trader Funding - News
Verizon Q2 Earnings: Wireless Revenue And Broadband Subs Gain Traction, Sales Fall Short Of Expectations
Verizon Communications Inc (NYSE:VZ) stock traded lower on Monday after it reported fiscal second-quarter results.
Its sales increased 0.6% year over year to $32.8 billion, marginally missing the analyst consensus estimate of $33.1 billion. Adjusted EPS of $1.15 was in line with the analyst consensus estimate.
Also Read: Telecom Giant Verizon Eyes Tower Sell-Off To Monetize Asset
Total wireless service revenue was $19.8 billion, up 3.5% year over year, driven primarily by growth in Consumer wireless service revenue.
Postpaid phone net additions were 148,000, beating estimates for 118,000, as Verizon strives to retain subscribers by offering perks like a ...