Verizon Beats Q2 Estimates With $23.4 Billion Mobility, Broadband Revenue
Updated
Updated · Bloomberg · Jul 24
Verizon Beats Q2 Estimates With $23.4 Billion Mobility, Broadband Revenue
3 articles · Updated · Bloomberg · Jul 24
Summary
$23.4 billion in second-quarter mobility and broadband service revenue topped analyst estimates of $19.5 billion, with Verizon saying the business grew 2.8% from a year earlier.
Adjusted earnings came in at $1.30 a share, also ahead of Wall Street projections, while adjusted EBITDA reached a record.
Dan Schulman’s turnaround plan is starting to show results, with stronger wireless and internet revenue driving the beat.