Telecommunications major Verizon Communications Inc. (NYSE: VZ) posted mixed results for the second quarter ended June 30, 2022. Although revenue surpassed estimates, earnings failed to do so. Shares of the company declined by 6.7% in the normal trading hours due to its lowered guidance. However, the stock recovered marginally to close at $44.48 in Friday’s extended trade. Revenues Rise, Earnings Decline Verizon’s operating revenues for the quarter came in at $33.79 billion, up marginally from the previous year. The figure surpassed the consensus estimate of $33.71 billion. The core service revenues of the company declined by 3.9% year-over-year to $27.12 billion.
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Verizon Communications (NYSE:VZ)
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Verizon Communications (NYSE:VZ)
Graphique Historique de l'Action
De Oct 2021 à Oct 2022 Plus de graphiques de la Bourse Verizon Communications