Verizon Earnings Miss, Revenue Beats In Q2
2022.07.22 15:06
Verizon Earnings Miss, Revenue Beats In Q2
Investing.com – Verizon (NYSE:VZ) reported on Friday second quarter earnings that missed analysts’ forecasts and revenue that topped expectations.
Verizon announced earnings per share of $1.31 on revenue of $33.8B. Analysts polled by Investing.com anticipated EPS of $1.33 on revenue of $33.71B.
Verizon shares are down 8% from the beginning of the year, still down 15.39% from its 52 week high of $56.33 set on July 27, 2021. They are outperforming the Dow Jones which is down 11.84% from the start of the year.
Verizon shares lost 3.90% in pre-market trade following the report.
Verizon follows other major Communication Services sector earnings this month
Verizon’s report follows an earnings beat by AT&T on Thursday, who reported EPS of $0.65 on revenue of $29.64B, compared to forecasts EPS of $0.6088 on revenue of $29.53B.
Netflix had beat expectations on Tuesday with second quarter EPS of $3.2 on revenue of $7.97B, compared to forecast for EPS of $2.96 on revenue of $8.03B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
