Verizon Reports Mixed Q4 Earnings

Verizon Communications VZ reported fourth-quarter earnings of $1.13 per share on Thursday, which missed the analyst consensus estimate of $1.14 by 0.88%. This is a 0.89% increase over earnings of $1.12 per share from the same period last year.

The company reported quarterly sales of $34.775 billion, which beat the analyst consensus estimate of $34.64 billion by 0.39%. This is a 1.44% increase over sales of $34.281 billion the same period last year.

Verizon shares were trading down 0.55% at $59.20 in Thursday’s pre-market session. The stock has a 52-week high of $62.22 and a 52-week low of $52.28.

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