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Benzinga
Benzinga
Business
Anusuya Lahiri

Verizon Beats Expectations, Boosts Outlook — Here's Why Analysts Still See More Room To Grow

Verizon VZ Verizon Communications Raymond James RBC Capital
Verizon

Wall Street analysts rerated Verizon Communications (NYSE:VZ) after the company reported its second-quarter results on Monday.

Verizon reported quarterly revenue growth of 5.2% year-over-year (Y/Y), reaching $34.50 billion, topping the analyst consensus estimate of $33.57 billion. This growth was driven by its broad wireless and broadband offerings across market segments.

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