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Benzinga
Benzinga
Business
Anusuya Lahiri

Verizon's Premium Plans Drive Higher Profit Projections After Solid Quarter

Verizon VZ
New,York,Usa,2023-04-20,Verizon,Building.,Telecommunications,Company,Offering,Cell

Verizon Communications (NYSE: VZ) stock gained on Monday after the company reported better-than-expected second-quarter financial results and raised guidance.

The company reported quarterly revenue growth was 5.2% year-over-year (Y/Y), reaching $34.50 billion, topping the analyst consensus estimate of $33.57 billion, driven by its broad wireless and broadband offerings across market segments. Adjusted EPS of $1.22 topped the analyst consensus estimate of $1.19.

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