Verizon Communications Q2 EPS $1.21 Beats $1.16 Estimate, Sales $32.60B Miss $33.28B Estimate
Portfolio Pulse from Bill Haddad
Verizon Communications reported Q2 earnings of $1.21 per share, beating the analyst consensus estimate of $1.16 by 4.31%. However, this is a 7.63% decrease from the same period last year. The company's quarterly sales were $32.60 billion, missing the analyst consensus estimate of $33.28 billion by 2.04%, and marking a 3.52% decrease from the same period last year.
July 25, 2023 | 11:01 am
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NEUTRAL IMPACT
Verizon's Q2 earnings beat estimates but sales missed and are down YoY. This mixed result could lead to uncertainty in the market.
Verizon's earnings beat estimates, which is a positive signal. However, the miss on sales and the YoY decrease could be a concern for investors, leading to potential uncertainty in the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100