Verizon Communications (VZ) Tops Q2 EPS by 4c, Revenues Miss
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Strong wireless service revenue growth and cash flow highlight Verizon's 2Q results
July 25, 2023 7:00 AM EDTNotable year over year improvement in Verizon Consumer postpaid phone gross additions
Eighth consecutive quarter that Verizon Business reported more than 125,000 postpaid phone net additions
2Q 2023 highlights
Consolidated:
$1.10 in EPS, compared with $1.24 in second-quarter 2022; adjusted EPS1, excluding special items, of $1.21, compared with $1.31 in second-quarter 2022.Total operating revenue of $32.6 billion, a decrease of 3.5 percent from second-quarter 2022.First-half 2023 cash flow from operations of $18.0 billion, an increase from $17.7 billion in first-half 2022.Net income of $4.8 billion, a decrease of 10.3 percent from second-quarter 2022, and... More