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Is Verizon's Q2 Earnings Beat And Raise A Buy Or A Trap? (Rating Upgrade)

Verizon Communications Inc.'s ( VZ ) Q2 earnings beat and raise was an impressive feat. The company has reported non-GAAP EPS of 1.22onrevenuegrowthof5.21.22 on revenue growth of 5.2% y/y to 34.5 billion, outperforming the average consensus estimate of 1.19and1.19 and 33.7 billion, respectively. As a result, the Analyst's Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expre ...