Verizon beats Wall Street’s sales and earnings expectations for Q2, with wireless services revenue leading the industry. Despite stock price jump today, Verizon’s stock is down significantly year to date.

Verizon’s Q2 results exceed forecasts, with non-GAAP adjusted earnings per share of $1.22 on sales of $34.5 billion. Revenue up 5% year over year, with top wireless service revenue in the industry.

Verizon raises full-year guidance after strong Q2 results, expecting adjusted earnings per share to grow between 1% and 3% annually. Stock up 5% in Monday’s trading, but still down 15.5% for the year. Trading at 9.2 times expected earnings with a dividend yield of 6.3%.

Stock Advisor does not include Verizon Communications in its list of top 10 stocks for investors to buy now. The 10 stocks identified could potentially yield significant returns in the future. Stock Advisor boasts a total average return of 1,048%, outperforming the S&P 500.

Verizon stock is on the rise after strong Q2 results, but the competitive telecom landscape poses challenges. Verizon is valued reasonably and offers a solid dividend, but new satellite-based entrants may increase competition.

Read more at Yahoo Finance: Why Verizon Stock Is Soaring Today