Verizon reports strong third-quarter revenue growth momentum

Verizon Communications reported third-quarter earnings highlighted by revenue and customer growth as more than one in four Consumer wireless phone customers now have a 5G-capable device. For third-quarter 2021, Verizon reported earnings per share (EPS) of $1.55, compared with $1.05 in third-quarter 2020, a 47.6 percent increase year over year. On an adjusted basis, third-quarter 2021 EPS, excluding special items, was $1.41, compared with adjusted EPS of $1.25 in third-quarter 2020, a 12.8 percent increase year over year.  "We had a strong third quarter, delivering on our strategy and growing in multiple areas," said Verizon Chairman and CEO Hans Vestberg. "Our disciplined strategy execution demonstrated growth in 5G adoption, broadband subscribers and business applications. We are increasing our 2021 guidance, and we continue to expand our 4G LTE and 5G network leadership. We fully expect to have a strong finish to the year as we accelerate deployment of 5G to our customers across the country." Verizon included detailed consolidated, consumer, and business results as well as its outlook and financial guidance for full-year 2021 in its report.