NEW YORK (TheStreet) -- Shares of Verizon Communications Inc. (VZ) are up 0.53% to $50.97 in pre-market trading on Tuesday after the company reported an increase in earnings per share to $1.01 for the 2014 second quarter, compared to 73 cents per share for the same period last year.
Verizon posted an increase in adjusted EPS to 91 cents, from 73 cents for the 2013 second quarter.
Total operating revenue increased 5.7% to $31.5 billion for the most recent quarter, over the second quarter of 2013.
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Analysts polled by Thomson Reuters expected Verizon to report earnings per share of 90 cents on revenue of $31.12 billion, RTT News reports.
Separately, TheStreet Ratings team rates VERIZON COMMUNICATIONS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate VERIZON COMMUNICATIONS INC (VZ) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, compelling growth in net income and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."