trending Market Intelligence /marketintelligence/en/news-insights/trending/kgV1nXZBHY2g2EunOBn5Wg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Verizon's Q2 net income down 4%, revenues also down YOY

Coronavirus Crisis Brings New 5G Use Cases Into Action

Broadband-Only Homes Surge To 25% Of US Households Ahead Of COVID-19 Crisis

US Pushes Pedal To The Metal On Broadband Speeds Ahead Of COVID-19 Outbreak

Pandemic Causing Wildly Different Outcomes Across Media Sectors


Verizon's Q2 net income down 4%, revenues also down YOY

Verizon Communications Inc. on Aug. 1 reported second-quarter net income attributable to the company of $3.94 billion, or 95 cents per share, compared to $4.12 billion, or $1.00 per share, in the year-ago quarter.

The S&P Global Market Intelligence GAAP EPS consensus estimate for the quarter was $1.19. On an adjusted basis, second-quarter 2019 EPS, excluding a special item, was $1.23, compared with adjusted EPS of $1.20 in second quarter 2018. Verizon's second-quarter 2019 EPS included 28 cents in early debt redemption costs.

Total operating revenues in second quarter were $32.07 billion, down 0.4% from $32.20 billion in the second quarter of 2018.

Verizon's second-quarter results included the effects of a reduction in benefits from the adoption of a revenue recognition standard, primarily due to the deferral of commission expense, and the adoption of a lease accounting standard. The combined net impact was a 4-cent year-over-year headwind, which was included in its adjusted EPS.