(NYSE: VZ) stock is posting big gains in Monday's trading following the company's recent earnings report. The telecommunications giant's share price was up 5% as of 2:15 p.m. ET. At the same point in the day's trading, the S 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) were up 0.5% and 0.7%, respectively.

Verizon posted its second-quarter results before the market opened this morning, and it delivered sales and earnings performance that came in far better than Wall Street's forecasts. In addition to the strong Q2 performance, the company also raised its full-year targets.

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