Sweden Herald
Verizon Beats Second-Quarter Expectations and
Photo: Michael Dwyer/AP/TT
Business

Verizon Beats Second-Quarter Expectations and Raises Full-Year Profit Forecast

The American mobile operator Verizon performed better than expected in the second quarter, according to an interim report in which the company raises its profit forecast for the whole of 2026. Both the broadband and mobile businesses performed better than expected.

Revenue from mobile and broadband services rose to $23.4 billion, up 2.8 percent from the same quarter last year. The average forecast was $19.5 billion, according to Bloomberg.

Earnings per share in the second quarter rose to $1.30, up from $1.22 per share in the same quarter last year. The average forecast was $1.27 per share.

For the full year, Verizon now expects profit of $4.99-$5.04 per share, compared with a previous forecast of $4.95-$4.99 per share.

AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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