Verizon Communications (VZ) Tops Q3 EPS by 3c, Updates FY Guidance
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Verizon reports strong Q3 financial results, increases guidance
October 21, 2020 7:30 AM EDTCompany's strength and resilience deliver increased cash flow, wireless service revenue growth, and the most Fios Internet net adds since 4Q 2014
3Q 2020 highlightsÂ
Consolidated:
$1.05 in earnings per share (EPS), compared with $1.25 in 3Q 2019; adjusted EPS (non-GAAP), excluding a special item, of $1.25, compared with $1.25 in 3Q 2019.Operating revenue decline of 4.1 percent from third-quarter 2019.Year-to-date cash flow from operations of $32.5 billion, an increase of $5.7 billion year over year.Consumer:
Total revenue of... More