Verizon Communications Q2 adjusted earnings Beat Estimates

(RTTNews) - Verizon Communications (VZ) reported a profit for second quarter that fell from the same period last year.

The company's profit came in at $4.25 billion, or $1.00 per share. This compares with $4.48 billion, or $1.07 per share, in last year's second quarter.

Analysts had expected the company to earn $1.14 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.4% to $32.20 billion from $30.55 billion last year.

Verizon Communications earnings at a glance:

-EPS (Q2): $1.20 vs. $0.96 last year. -Analysts Estimate: $1.14 -Revenue (Q2): $32.20 Bln vs. $30.55 Bln last year.