Verizon Posts 2nd-Quarter Earnings Beat on Secure Consumer Development

Verizon Posts Second-Quarter Earnings Beat on Stable User Growth

Verizon  (VZ) – Get Report on Friday posted much better-than-anticipated 2nd-quarter earnings and income as steadiness in its subscriber base connected to people’s will need to continue being linked through the pandemic aided offset a fall in demand from customers for new components. 

The New York-based mostly firm said it earned $1.18 an modified share, down from an modified $1.23 a share a calendar year earlier but much better than FactSet forecasts of $1.15 a share. Profits rang in at $30.4 billion, down 5.1% from the 12 months-in the past quarter while far better than analysts’ estimates of $29.93 billion.

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