Verizon Q2 Earnings Beat Expectations, Miss On Revenue

newsfeedback@fool.com (Daniel B. Kline), The Motley Fool
Wed, 07/27/2016 - 3:50pm

Verizon (NYSE: VZ) continues to grow its wireless business despite increased competition from low-cost upstart T-Mobile (NASDAQ: TMUS).The company posted Q2 earnings of $0.94 per share, slightly beating analysts estimates of $0.94, according to CNBC. Verizon missed slightly on revenue, coming in at $30.5 billion when just under $31 billion had been expected."Verizon's second quarter shows that the company continues to deliver strong results while evolving operations and advancing a strategy to sustain network leadership, build new ecosystems and deliver the promise of the digital world to customers," said CEO Lowell McAdam in the earnings release.Continue reading

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