Verizon beats Q2 estimates, raises full-year profit guidance

Verizon Communications Inc (NYSE:VZ, ETR:BAC) shares jumped almost 5% after the telecommunications firm posted better-than-expected financial results for the second quarter and raised its full-year profit and free cash flow forecasts. For Q2, the company reported adjusted earnings per share (EPS) of $1.22, up from $1.15 in the year-ago quarter and $0.04 above the Street consensus of $1.18.