Verizon Communications (VZ) Reports In-Line Q2 EPS

Verizon Communications (NYSE: VZ) reported Q2 EPS of $1.15, in-line with the analyst estimate of $1.15. Revenue for the quarter came in at $32.8 billion versus the consensus estimate of $33.05 billion.

GUIDANCE:

Verizon Communications sees FY2024 EPS of $4.50-$4.70, versus the consensus of $4.57.

• Total wireless service revenue growth1 of 2.0 percent to 3.5 percent.
• Adjusted EBITDA growth2 of 1.0 percent to 3.0 percent.
• Adjusted EPS2 of $4.50 to $4.70.
• Capital expenditures between $17.0 billion and $17.5 billion.
• Adjusted effective income tax rate2 in the range of 22.5 percent to 24.0 percent.

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

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