Verizon Communications (VZ) Tops Q1 EPS by 2c, Revenues Beat; Offers FY21 EPS Outlook
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Verizon reports strong start to 2021 as company accelerates 5G growth
April 21, 2021 7:30 AM EDTStrong financial and operational performance highlighted by growth in wireless service revenue, wireless equipment revenue and total Fios Internet net additions
1Q 2021 highlights
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.Consumer:
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