Verizon Communications (VZ) Lowell C. McAdam on Q2 2016 Results - Earnings Call Transcript

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Verizon Communications, Inc. (NYSE:VZ) Q2 2016 Earnings Call July 26, 2016 8:30 AM ET

Executives

Michael T. Stefanski - Senior Vice President-Investor Relations

Lowell C. McAdam - Chairman, President & Chief Executive Officer

Francis J. Shammo - Chief Financial Officer & Executive Vice President

Analysts

John Christopher Hodulik - UBS Securities LLC

Simon Flannery - Morgan Stanley & Co. LLC

Michael I. Rollins - Citigroup Global Markets, Inc. (Broker)

David William Barden - Bank of America Merrill Lynch

Philip A. Cusick - JPMorgan Securities LLC

Jennifer M. Fritzsche - Wells Fargo Securities LLC

Brett Feldman - Goldman Sachs & Co.

Craig Eder Moffett - MoffettNathanson LLC

Timothy Horan - Oppenheimer & Co., Inc. (Broker)

Operator

Good morning, and welcome to the Verizon Second Quarter 2016 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.

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

Michael T. Stefanski - Senior Vice President-Investor Relations

Thanks, Tori. Good morning, and welcome to our Second Quarter Earnings Conference Call. This is Mike Stefanski, and I'm here with our Chairman and Chief Executive Officer, Lowell McAdam; and our Chief Financial Officer, Fran Shammo.

Thank you for joining us this morning. Given yesterday's announcement of the Yahoo acquisition, we expect this call will exceed an hour. As a reminder our earnings release, financial and operating information, the investor quarterly, and the presentation slides are available on the Investor Relations website. A replay and a transcript of this call will also be made available on our website.

Before we get started I would like to draw your attention to our Safe Harbor statement on

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