Investing.com - Verizon (NYSE:VZ) reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Verizon announced earnings per share of $1.18 on revenue of $30.40B. Analysts polled by Investing.com anticipated EPS of $1.15 on revenue of $29.82B.
Verizon shares are down 9% from the beginning of the year and are trading at $56.00 , down-from-52-week-high.They are under-performing the S&P 500 which is up 0.15% from the start of the year.
Verizon shares gained 0.27% in pre-market trade after the report.
Verizon follows other major Services sector earnings this month
Verizon's report follows an earnings beat by AT&T on Thursday, who reported EPS of $0.83 on revenue of $40.95B, compared to forecasts EPS of $0.79 on revenue of $41B.
Netflix had missed expectations on Thursday, July 16, 2020 with second quarter EPS of $1.59 on revenue of $6.15B, compared to forecast for EPS of $1.82 on revenue of $6.08B.
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