Verizon Delivers Double-Digit Adjusted Earnings Growth and Strong Cash Flows in Second Quarter
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Oppenheimer Remains Bullish on Verizon Communications (VZ) Following 2Q15
July 22, 2015 10:28 AM EDTOppenheimer reiterated an Outperform rating and $54.00 price target on Verizon Communications (NYSE: VZ) following its 2Q15 earnings report. Analyst Timothy Horan said that VZ reported strong margins and EPS growth. However, ARPA came in weaker than expected. Oppenheimer is lowering estimated revenue by... More
Verizon Communications (VZ) Tops Q2 EPS by 3c
July 21, 2015 7:31 AM EDTVerizon Communications (NYSE: VZ) reported Q2 EPS of $1.04, $0.03 better than the analyst estimate of $1.01. Revenue was $32.2 billion, while the consensus was at $32.46 billion.
Guidance:
Regarding consolidated revenue outlook, Verizon expects a higher year-over-year growth rate in third-quarter 2015 than in second-quarter 2015. For the full year, the company estimates consolidated revenue growth of at least 3.0 percent. (The company was previously modeling 4.0 percent growth.)
Verizon Wireless Delivers Quality Customer Growth and Profitability
In second-quarter 2015, Verizon Wireless continued to deliver quality connections growth, low churn and strong profitability.
Wireless Financial... More
