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[July 22, 2014]
Verizon Q2 adjusted EPS $0.91, beats expectations for $0.90 [Jerusalem Post (Israel)]
(Jerusalem Post (Israel) Via Acquire Media NewsEdge) Investing.com Investing.com - Verizon Communications (NYSE:VZ), the largest mobile network operator in the U.S., reported better-than-expected second quarter earnings and revenue ahead of Tuesday's opening bell, sending its shares higher in pre-market trade.
Verizon said adjusted earnings per share came in at 91 cents, above expectations for earnings of 90 cents per share.
The mobile network operator's second quarter revenue totaled $31.48 billion, beating forecasts for revenue of $31.12 billion.
The company said wireless retail net additions totaled 1.4 million in the second quarter.
Lowell McAdam, Verizon chairman and CEO, said, "Verizon''s second-quarter results continue to demonstrate our ability to deliver strong customer growth, with equally strong financial performance, in a dynamic and competitive environment." Immediately after the earnings announcement, Verizon (NYSE:VZ) shares tacked on 0.6% in trading prior to the opening bell.
Meanwhile, the outlook for U.S. equity markets was upbeat. The Dow indicated a gain of 0.25% at the open, the S&P 500 pointed to a rise of 0.2%, while Nasdaq 100 tacked on 0.3%.
All rights reserved (c) 2014 The Jerusalem Post Provided by SyndiGate Media Inc. (Syndigate.info).
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