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Verizon Communications Q2 2014 Results – Earnings Call Transcript

Source: Seeking Alpha

 

Verizon Communications Inc. (NYSE:VZ)

Q2 2014 Earnings Conference Call

July 22, 2014 7:30 AM ET

Executives

Michael Stefanski – SVP, IR

Fran Shammo – EVP and CFO

Analysts

Phil Cusick – JPMorgan

Michael Rollins – Citi Investment Research

Simon Flannery – Morgan Stanley

David Barden – Bank of America

John Hodulik – UBS

Mike McCormack – Jefferies LLC

Kevin Smithen – Macquarie

Jonathan Schildkraut – Evercore Partners

Jennifer Fritzsche – Wells Fargo

Operator

Good morning and welcome to the Verizon Second Quarter 2014 Earnings Conference Call. At this time, all participants have been placed in a listen-only mode and the floor will be opened for questions following the presentation. (Operator instructions) Today’s conference is being recorded. If you have any objections, you may disconnect at this time.

It is now my pleasure to turn the call over to your host, Mr. Michael Stefanski, Senior Vice President, Investor Relations.

Michael Stefanski

Thanks, David. Good morning and welcome to our second quarter earnings conference call. This is Mike Stefanski and I’m here with our Chief Financial Officer, Fran Shammo.

We appreciate you joining us earlier than our usual time this morning. Before we get started, let me remind you that our earnings release, financial and operating information, the investor quarterly and the presentation slides are available on our Investor Relations website. Replays and a transcript of this call will be made available on our website.

I would also like to draw your attention to our Safe Harbor statement. Information in this presentation contains statements about expected future events and financial results that are forward-looking and subject to risks and uncertainties. Discussion of factors that may affect future results is contained in Verizon filings with the SEC, which are also available on our website. This presentation contains certain non-GAAP financial measures. Reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are also available on our website.

The quarterly growth rates disclosed in this presentation are on a year-over-year basis, unless otherwise noted as sequential.

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