Verizon Communications Inc. (VZ - Free Report) reported solid third-quarter 2019 results, primarily led by the wireless business. With industry-leading wireless products and services, the company remains well poised to benefit from increased 5G deployment across the country under the new operational framework.
Quarter Details
GAAP earnings for the reported quarter were $5,337 million or $1.25 per share compared with $5,062 million or $1.19 per share in the year-ago quarter. The year-over-year increase in GAAP earnings was largely driven by top-line growth and lower operating expenses. Excluding non-recurring items, adjusted earnings were $1.25 per share compared with $1.22 in the year-earlier quarter and beat the Zacks Consensus Estimate by a penny.
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Verizon Communications Inc. (VZ - Free Report) reported solid third-quarter 2019 results, primarily led by the wireless business. With industry-leading wireless products and services, the company remains well poised to benefit from increased 5G deployment across the country under the new operational framework.
Quarter Details
GAAP earnings for the reported quarter were $5,337 million or $1.25 per share compared with $5,062 million or $1.19 per share in the year-ago quarter. The year-over-year increase in GAAP earnings was largely driven by top-line growth and lower operating expenses. Excluding non-recurring items, adjusted earnings were $1.25 per share compared with $1.22 in the year-earlier quarter and beat the Zacks Consensus Estimate by a penny.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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