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General

Verizon Q2 revenues fall 5% on drop in wireless, advertising

Friday 24 July 2020 | 16:00 CET | News
Verizon reported a small increase in second-quarter net earnings, despite lower revenues, and said it still expects roughly flat earnings in the full year. Sales at the US operator were down 5.1 percent to USD 30.4 billion in Q2, hurt by lower handset sales due to store closures during the coronavirus outbreak as well as reduced usage and roaming by customers. The company said wireless service revenues fell 2.7 percent year-on-year to USD 13.1 billion and forecast a figure flat to 1 percent lower in Q3. 

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Categories: General
Companies: Verizon
Countries: United States
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