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Verizon (NYSE:VZ) recently announced its second quarter (Q2) revenue and once again reported excellent numbers. Verizon reported Q2 revenue of $28.5 billion and earnings per share (EPS) of $0.64. From Q2 this year, to Q2 last year Verizon increased its quarterly revenue by 3.7% and EPS by 12.3%.

The Q2 were impressive numbers by themselves, however analysts think that Verizon can do even better in the third quarter. Going forward analysts expect the Q3 EPS to increase to $0.66 - $0.68, and have increased the annual EPS to $2.50. That would be about a 15% increase from the previous year.

Verizon's long term growth going forward is great because the company has invested an additional $3.6 billion to enhance it's fiber optic network. Verizon advertises itself as America's most reliable network and they are committed to continually reinvest in their own network to ensure it stays that way. This advertising scheme must be working too because Verizon has recently added an additional 134,000 fiber optic internet users and 120,000 video subscribers.

In addition, Verizon has become more efficient in generating money through its customers. They generate an average of $100.26 from each customer, up 8.5% from last year. Verizon also has dropped the amount of customers that leave their network each quarter from 1.2% to 1.1%, a small but valuable figure when you're dealing with millions of customers.

Verizon is currently the most reliable stock when it comes to telecommunication companies. Why settle for a company like Sprint (NYSE:S) that is speculative and has billions of dollars of debt that it has to face. Verizon is the best of breed and to make it even more valuable, it has an annual dividend yield of 4.7%. A company's quarterly report reveals the most about a stock's given value, and Verizon is a company that just continues to impress.

Source: Verizon Impresses For Q2