Shares of Verizon Communications (NYSE:VZ) saw some unusual options activity on Friday. Following the unusual option alert, the stock price moved down to $55.83.
This unusual options alert can help traders discover the next big trading opportunities. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. Unusual trading activity could push option prices to exaggerated or underestimated levels.
The earnings parade continues, with a steady flow of solid corporate results helping Wall Street recover from Monday’s huge plunge. In fact, the major indices are basically back where they were Friday after two crazy days, making it look like Monday and Tuesday never happened.
Shares of Verizon Communications (NYSE:VZ) rose 1.7% in pre-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share rose 16.10% year over year to $1.37, which beat the estimate of $1.29.
"Second quarter results were exceptional, both financially and operationally," said Verizon Chief Financial Officer Matt Ellis. "Our strong first half performance and the momentum in our business
Verizon Communications (NYSE:VZ) reported quarterly earnings of $1.37 per share which beat the analyst consensus estimate of $1.29 by 6.2 percent. This is a 16.1 percent increase over earnings of $1.18 per share from the
Companies Reporting Before The Bell
Verizon Communications Inc. (NYSE: VZ) is estimated to report quarterly earnings at $1.29 per share on revenue of $32.68 billion.