Verizon Communications (VZ) Tops Q2 EPS by 3c, Maintains FY Guidance
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/13/2026
- S&P 500, Nasdaq decline as Iran tensions jolt sentiment; chip stocks fall
- SK Hynix’s record plunge drags down global chip stocks
- Oil gains over 3% as fresh military strikes threaten Hormuz shipments
- Ditching streaming could boost Disney stock by 40%, Wells Fargo says
- AstraZeneca stock dips as HSBC downgrades stock on 'tough path ahead'
- Former emir of Qatar, Sheikh Hamad bin Khalifa Al Thani, dies at 74
- Goldman Sachs Upgrades NIO (NIO) to Buy
- S&P 500, Nasdaq decline as Iran tensions jolt sentiment; chip stocks fall
- Japan has no plans to overhaul pension funds' asset allocation, sources say
- BofA Securities on AppLovin: 'Current valuation appears reasonable'
Strong wireless customer additions and cash flow highlight Verizon's 2Q and first-half 2020 results
July 24, 2020 7:30 AM EDTDisciplined network strategy, strong operational performance, and wireless customer growth
2Q 2020 highlights
Consolidated:
$1.13 in earnings per share (EPS), compared with $0.95 in 2Q 2019; adjusted EPS (non-GAAP), excluding special items, of $1.18, compared with $1.23 in 2Q 2019.Operating revenue decline of 5.1 percent from second-quarter 2019.First-half 2020 cash flow from operations of $23.6 billion, an increase of $7.7 billion from first-half 2019.Second-quarter 2020 total debt reduction of $4.9 billion, and net debt (non-GAAP) reduction of $5.7 billion.Consumer:
Total revenue of $21.1... More