Verizon Communications Inc. Q3 2020 Earnings Call Summary - Thomson StreetEvents

Verizon Communications Inc. Q3 2020 Earnings Call Summary

Verizon Communications Inc. Q3 2020 Earnings Call Summary - Thomson StreetEvents
Verizon Communications Inc. Q3 2020 Earnings Call Summary
Published Oct 21, 2020
22 pages (12497 words) — Published Oct 21, 2020
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of VZ.N earnings conference call or presentation 21-Oct-20 12:30pm GMT

  
Brief Excerpt:

...A. Notes: Quarterly growth rates are on YoverY basis, unless otherwise noted as sequential. 1. 2. Has entered quiet period for Spectrum Auction 107. 3. Upcoming event: a. Fall sellside meeting on Nov. 11. i. Will be streaming this event live via BlueJeans for everyone that can attend virtually. B. Consolidated Earnings: GAAP EPS $1.05. 1. Reported results include net pre-tax charge of approx. $1.1b related to mark-to-market adjustment for Co.'s pension liabilities. a. i. Excluding effect of this special item, adjusted EPS was $1.25 vs. 3Q19's $1.25. 2. Earnings profile: Consistent with approach Co. has shown for several quarters, has illustrated ongoing impacts to earnings from adoption of accounting standard ASC 606 for revenue recognition in 2018. a. Expects 2020 to be the final year that adoption of this standard will have a material YoverY impact on income statement. i. b. Realized lesser benefit from adoption of ASC 606 during 3Q vs. prior year, primarily due to deferral of commission...

  
Report Type:

Brief

Source:
Thomson StreetEvents
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. Q3 2020 Earnings Call Summary" Oct 21, 2020. Alacra Store. May 24, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2020-Verizon-Communications-Inc-Earnings-Call-B13218343>
  
APA:
Thomson StreetEvents. (2020). Verizon Communications Inc. Q3 2020 Earnings Call Summary Oct 21, 2020. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2020-Verizon-Communications-Inc-Earnings-Call-B13218343>
  
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