Read management/analysts’ comments on Verizon’s Q3 results
Verizon’s stock made modest gains early Wednesday following the announcement. It had closed the last trading session lower.
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Infographic: Highlights of Verizon’s (VZ) Q3 2020 earnings report
Telecom giant Verizon Communications (NYSE: VZ) reported a decline in third-quarter revenues, reflecting the disruption caused by the pandemic. Adjusted earnings, meanwhile, remained unchanged year-over-year and exceeded the market’s forecast. Operating revenues dropped 4.1% annually to $31.5 billion, which was broadly in line with the consensus estimate. Adjusted earnings remained unchanged at $1.25 per share. […]
NYSE
$VZ · Earnings
“Telecom giant Verizon Communications (NYSE: VZ) reported a decline in third-quarter revenues, reflecting the disruption caused by the pandemic. Adjusted earnings, meanwhile, remained unchanged year-over-year and exceeded the market’s forecast. Operating revenues dropped 4.1% annually to $31.5 billion, which was broadly in line with the consensus estimate. Adjusted earnings remained unchanged at $1.25 per share. […]
· October 21, 2020
Telecom giant Verizon Communications (NYSE: VZ) reported a decline in third-quarter revenues, reflecting the disruption caused by the pandemic. Adjusted earnings, meanwhile, remained unchanged year-over-year and exceeded the market’s forecast.
Operating revenues dropped 4.1% annually to $31.5 billion, which was broadly in line with the consensus estimate. Adjusted earnings remained unchanged at $1.25 per share. Earnings matched analysts’ estimates. Unadjusted profit was $1.05 per share, down from $1.25 per share recorded in the third quarter of 2019.
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