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Verizon Reports Q3 Earnings Beat – Raises Guidance – $VZ

By John F. Heerdink, Jr.

Reportedly, Verizon Communications, Inc. (VZ) quarter earnings beat analyst estimates reporting an adjusted profit of 1.41 a share, beating forecasts for $1.36 a share, on sales of $$32.9 billion, below expectations for $33.2 billion. The telecom giant raised its guidance to a range of $5.35 to $5.40 from a range of $5.25 to $5.35, and above analyst expectations for $5.31. The company added 429,000 postpaid phone subscribers in the quarter, above estimates of 302,300.

“We had a strong third quarter, delivering on our strategy and growing in multiple areas. We are increasing our 2021 guidance, and we continue to expand our 4G LTE and 5G network leadership. We fully expect to have a strong finish to the year as we accelerate deployment of 5G to our customers across the country,” stated Verizon CEO Hans Vestberg.

Verizon Communications, Inc. (VZ) is a worldwide leader in delivering communications and technology solutions that improve the lives of its customers. To learn more about Verizon Communications, Inc. (VZ), and to track its progress please visit the Vista Partners Verizon Communications Inc. Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. 

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(Read Original Story: Verizon Earnings Topped Estimates. Its Stock Is Rising. in Barron's)


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