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VZ Verizon RESULTS: Q2, Q2 total oper REV $34.3B vs EST $35.16B, Q2 ADJ EPS $1.30 vs EST $1.27, Q2 postpaid phone net additions 184,000 vs F

VZ Verizon RESULTS: Q2, Q2 total oper REV $34.3B vs EST $35.16B, Q2 ADJ EPS $1.30 vs EST $1.27, Q2 postpaid phone net additions 184,000 vs FactSet EST 103,900, Q2 Broadband net additions 348,000, Verizon Earnings Notes:, Outlook FY ADJ EPS $4.99 - $5.04 vs EST $4.96, FY total retail postpaid phone net additions expected to be in upper half of 750,000 - 1.0M range, Total Mobility & Broadband service REV growth expected to approach 3.0% in Q3 & about 4.0% in Q4, FY share repurchase target raised to up to $4.5B, Outlook FY Mobility & Broadband service REV growth 2.5% - 3.0%, Q2 results included asset rationalization charges of $258M & severance charges of $397M

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11:00:43 AM UTC
SquawkNews
VERIZON Q2 TOTAL OPER REVENUE $34.3 BLN VS IBES ESTIMATE $35.16 BLN || Q2 ADJ EPS $1.30 VS IBES ESTIMATE $1.27 || Q2 POSTPAID PHONE NET ADDITIONS 184,000 VS FACTSET ESTIMATE 103,900 || Q2 BROADBAND NET ADDITIONS 348,000 || Q2 RESULTS INCLUDED ASSET RATIONALIZATION CHARGES OF $258 MLN & SEVERANCE CHARGES OF $397 MLN
11:01:00 AM UTC
SquawkNews
VERIZON OUTLOOK FY ADJ EPS $4.99 - $5.04 VS IBES ESTIMATE $4.96 || FY TOTAL RETAIL POSTPAID PHONE NET ADDITIONS EXPECTED TO BE IN UPPER HALF OF 750,000 - 1.0 MLN RANGE || TOTAL MOBILITY & BROADBAND SERVICE REVENUE GROWTH EXPECTED TO APPROACH 3.0% IN Q3 & ABOUT 4.0% IN Q4 || FY SHARE REPURCHASE TARGET RAISED TO UP TO $4.5 BLN || OUTLOOK FY MOBILITY & BROADBAND SERVICE REVENUE GROWTH 2.5% - 3.0%

VZ Verizon RESULTS: Q2, Q2 total oper REV $34.3B vs EST $35.16B, Q2 ADJ EPS $1.30 vs EST $1.27, Q2 postpaid phone net additions 184,000 vs FactSet EST 103,900, Q2 Broadband net additions 348,000, Verizon Earnings Notes:, Outlook FY ADJ EPS $4.99 - $5.04 vs EST $4.96, FY total retail postpaid phone net additions expected to be in upper half of 750,000 - 1.0M range, Total Mobility & Broadband service REV growth expected to approach 3.0% in Q3 & about 4.0% in Q4, FY share repurchase target raised to up to $4.5B, Outlook FY Mobility & Broadband service REV growth 2.5% - 3.0%, Q2 results included asset rationalization charges of $258M & severance charges of $397M