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NAME_1 Communications Inc. (VZ) on Tuesday reported second-quarter net income of $4.65 billion.
The New York-based company said it had net income of $1.10 per share. Earnings, adjusted for severance costs and amortization costs, came to $1.21 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by NAME_2 Investment Research was for earnings of $1.17 per share.
The largest U.S. cellphone carrier posted revenue of $32.6 billion in the period, which did not meet Street forecasts. Seven analysts surveyed by NAME_2 expected $33.39 billion.
NAME_1 expects full-year earnings in the range of $4.55 to $4.85 per share.