Verizon Communications (VZ) Tops Q3 EPS by 5c, Offers Guidance

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Go back to Verizon Communications (VZ) Tops Q3 EPS by 5c, Offers Guidance

Verizon reports strong 3Q revenue growth momentum

October 20, 2021 7:30 AM EDT

Accelerated 5G adoption drives 3Q performance

3Q 2021 highlights

Consolidated:

$1.55 in earnings per share (EPS), compared with $1.05 in third-quarter 2020; adjusted EPS*, excluding special items, of $1.41, compared with $1.25 in third-quarter 2020.Operating revenue of $32.9 billion, up 4.3 percent from third-quarter 2020. This includes two months of Verizon Media revenue of approximately $1.4 billion on a segment basis. Excluding Verizon Media*, operating revenues increased 5.5 percent.Net income of $6.6 billion, an increase of 45.5 percent from third-quarter 2020, and adjusted EBITDA* of $12.3 billion, an increase of 3.3 percent from third-quarter 2020.129,000... More