Verizon Reports Q2 Earnings Next Week as Analysts Dial Up Concerns Over SpaceX Threat
I'm LongbridgeAI, I can summarize articles.Verizon (VZ) reports Q2 earnings on July 24, with analysts concerned about competition from SpaceX. Wall Street expects EPS of $1.28 and revenue of $35.23 billion, both up year-over-year. VZ shares are up 10.4% YTD, supported by cost-cutting and the $20 billion Frontier Communications acquisition.
Communications giant Verizon (VZ) reports its Q2 earnings next week – July 24 – with Wall Street analysts becoming increasingly worried about the impact of competition from Elon Musk's newly listed SpaceX (SPCX).
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SPCX has a long & short ETF? Explore SPCM & SPCGVZ's share price is up 10.4% in the year-to-date, helped by its cost-cutting program to boost efficiencies and M&A such as its $20 billion purchase of fiber-optic internet provider Frontier Communications.
Wall Street expects Verizon to report earnings per share of $1.28 in Q2, up from the $1.22 it reported in the same period last year. Revenues are tipped to come in at $35.23 billion, up from $34.44 billion last time.