Verizon Communications reported second quarter earnings that topped analysts’ expectations, while raising its outlook for the full-year.
The telecommunications giant’s earnings for the three months ending in June increased +2.5% year-over-year to $1.23 per share, which is 3 cents ahead of the Street consensus estimate.
Verizon added a net 245,000 telephone subscribers over the quarter, beating the 163,000 estimated (on consensus) by analysts polled by FactSet.
Total revenue of $32.1 billion, however, and fell slightly below analysts' forecasts of $32.42 billion.
For the full-year 2019, Verizon is expecting a low single-digit percentage growth rate for adjusted earnings, compared to its prior forecast of flat growth.