Verizon Communications Inc. Q2 2021 Earnings Call Summary - Thomson StreetEvents

Verizon Communications Inc. Q2 2021 Earnings Call Summary

Verizon Communications Inc. Q2 2021 Earnings Call Summary - Thomson StreetEvents
Verizon Communications Inc. Q2 2021 Earnings Call Summary
Published Jul 21, 2021
22 pages (11820 words) — Published Jul 21, 2021
Price US$ 54.00  |  Buy this Report Now

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Abstract:

Edited Brief of VZ.N earnings conference call or presentation 21-Jul-21 12:30pm GMT

  
Brief Excerpt:

...A. Consolidated Earnings: GAAP EPS $1.40. 1. 2. Reported earnings included net pre-tax gain from special items of $182m, consisting of: Pre-tax gain of approx. $1.3b related to a pension remeasurement credit. a. b. Pre-tax loss of $1.1b from early debt redemption costs. 3. Adjusted EPS (excluding effects of special items) $1.37. B. Verizon Media Divestiture: In May 2021, announced agreement to sell Verizon Media to Apollo Funds with expected close date in 2H21. 1. 2. Upon the announcement, certain assets of Verizon Media were classified as asset held for sale. a. No longer depreciates or amortizes these assets, which resulted in partial qtr. benefit of $0.03 per share in 2Q21. i. This benefit will continue until deal closes....

  
Report Type:

Brief

Source:
Company:
Verizon Communications Inc
Ticker
VZ.N
Time
12:30pm GMT
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
Thomson StreetEvents. "Verizon Communications Inc. Q2 2021 Earnings Call Summary" Jul 21, 2021. Alacra Store. May 23, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2021-Verizon-Communications-Inc-Earnings-Call-B13514811>
  
APA:
Thomson StreetEvents. (2021). Verizon Communications Inc. Q2 2021 Earnings Call Summary Jul 21, 2021. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2021-Verizon-Communications-Inc-Earnings-Call-B13514811>
  
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