Overview

• Verizon delivered adjusted EPS of $1.22 and revenue of $34.5 billion for the quarter ended June 30, surpassing analyst forecasts.
• The carrier lost 9,000 postpaid wireless subscribers in Q2 but raised its full-year adjusted EPS growth outlook to 1 percent–3 percent.
• AT&T reported adjusted EPS of $0.54 on $30.8 billion in revenue, topping estimates and adding 401,000 net postpaid phone connections.
• The company added 243,000 fiber subscribers and said it will invest about $3.5 billion of tax-law savings to accelerate its fiber network expansion.
• Both operators are boosting cash flow through operational efficiencies and tax reform benefits to fund network infrastructure investments and enhance customer retention.