Verizon Communications Stock Gains on Q2 EPS Beat
<p><a href='https://financialmodelingprep.com/financial-summary/VZ'>Verizon Communications (NYSE:VZ)</a> reported better-than-expected profit figures for Q2, leading to more than a 2% increase in its shares in pre-market today.</p>
<p>The company's EPS stood at $1.21, surpassing the Street estimate of $1.17. However, revenue came in at $32.6 billion, slightly below the Street estimate of $33.35 billion.</p>
<p>Verizon's CEO Hans Vestberg stated that they made progress in their key priorities, which include growing wireless service revenue, achieving healthy consolidated adjusted EBITDA, and increasing free cash flow.</p>
<p>For the full year, Verizon anticipates wireless service revenue growth between 2.5% to 4.5%. The company reaffirmed its full-year EPS forecast of $4.70, while the Street was expecting $4.67.</p>
<p>Moreover, Verizon maintains its capital expenditure projection of $18.25 billion to $19.25 billion, which is slightly ahead of the estimated $18.82 billion.</p>

NYSE:VZ