Verizon tops earnings expectations, points to traction in 5G

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 61 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 97%

ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

Verizon topped second-quarter earnings and revenue expectations as more consumers moved to get unlimited plans. The company generated net income of $5.95 billion, or $1.40 a share, compared with $4.84 billion, or $1.13 a share, a year earlier.

The company generated net income of $5.95 billion, or $1.40 a share, compared with $4.84 billion, or $1.13 a share, a year earlier. On an adjusted basis, Verizon VZ, +0.83% earned $1.37 a share, up from $1.18 a share a year prior and ahead of the FactSet consensus, which called for $1.30 a share.

Verizon’s operating revenue for the quarter rose to $33.76 billion from $30.45 billion, while analysts tracked by FactSet had been expecting $32.77 billion on average. The company saw $23.5 billion in consumer revenue, $7.8 billion in business revenue, and $2.1 billion in media revenue.In the consumer business, Verizon recorded retail postpaid phone churn of 0.65%, one of its lowest rates yet as a limited number of consumers switched wireless providers.

The telecommunications company now expects total wireless service revenue growth of 3.5% to 4.0% for the full fiscal year, whereas it was previously calling for growth of at least 3%. Verizon withdrew its prior expectation for service and other revenue growth as it recently announced plans to sell its Verizon Media business, with the deal expected to close in the third quarter.

Verizon now projects full-year adjusted earnings per share of $5.25 to $5.35, up from its prior expectation for $5.00 to $5.15. The company continues to expect 2021 capital spending of $17.5 billion to $18.5 billion. Shares of Verizon have lost 4.4% over the past three months as the Dow Jones Industrial Average DJIA, +0.70% has added 1.1%.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 3. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

UBS reports 63% jump in net profit to $2 billion, helped by 'favorable' market conditionsSwiss banking giant UBS has beaten second-quarter earnings expectations, reporting net profit attributable to shareholders of $2 billion. good islanders playoff run definitely helped DanJFriedman UBSArena maybe you can give us some free beers on opening night? 😘
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »

What to look out for as Europe’s earnings season begins, according to the expertsEurope's corporate earnings season began in earnest last week, with analyst consensus projecting a 140% year-on-year increase in earnings per share for the second quarter. Earnings season? Arable crops? Europe has earnings?
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »