Verizon reports strong start to 2021 as company accelerates 5G growth

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Verizon Communications (VZ) Tops Q1 EPS by 2c, Revenues Beat; Offers FY21 EPS Outlook

April 21, 2021 7:32 AM EDT

Verizon Communications (NYSE: VZ) reported Q1 EPS of $1.31, $0.02 better than the analyst estimate of $1.29. Revenue for the quarter came in at $32.9 billion versus the consensus estimate of $32.47 billion.

Consolidated:

$1.27 in earnings per share (EPS), compared with $1.00 in 1Q 2020; adjusted EPS (non-GAAP), excluding a special item, of $1.31, compared with $1.26 in 1Q 2020.Operating revenue increase of 4.0 percent from first-quarter 2020.Net income of $5.4 billion, an increase of 25.4 percent from first-quarter 2020, and adjusted EBITDA (non-GAAP) of $12.2 billion, an increase from $11.9 billion in first-quarter 2020.

Verizon is off to an... More