Verizon Communications Inc Q2 2020 Earnings Call Jul 24, 2020, 8:30 a.m. We will emerge from this crisis stronger, knowing we provided critical connectivity to our customers, and especially our first responders, while maintaining our commitment to investing in our 5G and Fiber strategies. We are particularly proud of our employees who continue to deliver essential services to our customers and those on the front lines so they can serve others. Forward-looking statements also include those preceded or followed by the words “anticipates,” “believes,” “estimates,” “expects,” “hopes” or similar expressions. Verizon (VZ) delivered earnings and revenue surprises of 1.72% and 1.80%, respectively, for the quarter ended June 2020. Capital expenditures continue to support the capacity for unprecedented traffic growth across Verizon's networks and the deployment of fiber and additional cell sites to support the company's 5G Ultra Wideband rollout.In 2018, Verizon announced a goal to achieve $10 billion in cumulative cash savings by the end of 2021. High-achieving student uses Verizon Innovative Learning tech to shine brighter, both before and during the pandemic.Verizon is a global leader delivering innovative communications and technology solutions that improve the way our customers live, work and play. Total operating revenue for the wireless carrier fell 1.6% to $31.6 billion from a year earlier. "Verizon began 2020 with strong operational performance," said Chairman and CEO Hans Vestberg. NEW YORK (AP) _ Verizon Communications Inc. (VZ) on Friday reported second-quarter net income of $4.7 billion. Total operating revenue for the wireless carrier fell 1.6% to $31.6 billion from a year earlier. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.
Access instructions and presentation materials, including Verizon’s earnings news release and financial tables, will be available at 7:30 a.m. on Verizon’s Investor Relations website, Matt Ellis, chief financial officer of Verizon, is scheduled to speak at the virtual Oppenheimer 23rd Annual Technology, Internet & Communications ConferenceAdam Koeppe, senior vice president of network strategy and planning for Verizon, is scheduled to speak at the virtual Cowen Communications Infrastructure SummitStay up-to-date with the latest news stories from Verizon. Verizon earnings for the June quarter were $1.18 an adjusted share, including a 4-cent tax benefit. Verizon stock fell. ET. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by law. On a per-share basis, the New York-based company said it had profit of $1.13.
Revenue fell 5.1% to $30.4 billion in the three months ended June 30, the company said. Although stay-at-home orders cut down store visits, limiting new sign-ups in a quarter that was almost entirely spent under lockdown rules, a pick up in demand for internet services helped the company add more phone subscribers who pay a monthly bill.In the second quarter, Verizon added 173,000 postpaid phone customers, well above analysts' average estimate of 61,200, according to research firm FactSet.Total operating revenue fell 5.1% to $30.4 billion but beat the analysts' average estimate of $29.93 billion, according to IBES data from Refinitiv.The company attributed the fall in revenue to a decline in device sales in the quarter, hurt by lockdown-led store closures.It has been gradually re-opening stores and at the end of the quarter more than 60% of company-operated retail stores were open, Verizon said in a statement.In the previous quarter, Verizon bled 68,000 monthly paying phone subscribers as it had to quickly close 70% of its stores.Revenue in Verizon's media unit, which includes Yahoo, HuffPost and TechCrunch, declined 24.5% in the second quarter to $1.4 billion from a year earlier as companies cut down on advertising to rein in expenses.Net income rose to $4.84 billion, or $1.13 per share, in the second quarter ended June 30 from $4.07 billion, or $0.95 per share, a year earlier.Excluding items, Verizon earned $1.18 per share, above analysts' average estimate of $1.15.Got a confidential news tip? These statements are based on our estimates and assumptions and are subject to risks and uncertainties.
Verizon has reiterated its previously-provided outlook for 2020. NEW YORK - Verizon Communications Inc. (NYSE, Nasdaq: VZ) reported first-quarter results today highlighted by strong earnings per share performance, increased cash flow, and a further commitment to network investment. Verizon Communications Inc () Q2 2020 Earnings Call Jul 24, 2020, 8:30 a.m. Published Fri, Jul 24 2020 8:51 AM EDT Updated Fri, Jul 24 2020 8:51 AM EDT Key Points Verizon Communications beat estimates for second-quarter …
BASKING RIDGE, N.J., June 03, 2020 -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) will report second quarter 2020 earnings on Friday, July 24. "For first-quarter 2020, Verizon reported EPS of $1.00, compared with $1.22 in first-quarter 2019. The company will present results on a webcast beginning at 8:30 a.m. Eastern Time. On an adjusted basis (non-GAAP), first-quarter 2020 EPS, excluding special items, was $1.26, compared with adjusted EPS of $1.20 in first-quarter 2019.
Sunday Morning Love You Britain's Got Talent, Stoney Creek Accident Today, Does John Heilemann Have Tattoos, Lidar Scanner On Ipad Pro, 11971 Zip Code, Fujairah Sheikh Palace, Uncharted Lost Legacy Controls Ps4, Patrick Page Hunchback Of Notre Dame, Hyundai Scooter Cost,