Earlier today, Verizon Communications Inc. announced results for 2015Q2. Verizon reported non-GAAP earnings per share of $1.04 in the most recent quarter, versus the $0.91 of 2Q14, a growth of 14%.

Total operating revenues in second-quarter 2015 were $32.2 billion, a 2.4 percent increase compared with second-quarter 2014. Excluding second-quarter 2014 revenues from a business that has since been sold, the comparable year-over-year growth rate (non-GAAP) would have been 2.8 percent.

“Verizon has delivered another quarter of strong financial and operational results, based on consistent network reliability and superior value that continues to attract new customers,” said Chairman and CEO Lowell McAdam. “In the second quarter, we again balanced quality Verizon Wireless connections growth with low churn and profitability, and we announced and completed our acquisition of AOL. We’re now poised to offer customers exciting new over-the-top (OTT) mobile video services, and we look forward to a very positive second half of 2015.”

But investors were still disappointed that the revenue growth forecast for the year was reduced to 3% from 4%, as it faces tough competition from rivals on promotional offers. Shares today tumbled 2.4%, worse than the 1% drop of the Dow.

For more details on their results, refer to http://www.verizon.com/about/news/verizon-delivers-double-digit-adjusted-earnings-growth-strong-cash-flows-2q-2015