Company News: Verizon Communications (VZ) reported better than expected fourth quarter revenue

Market news

22 January 2015

Company News: Verizon Communications (VZ) reported better than expected fourth quarter revenue

Verizon Communications (VZ) earned $0.71 per share in the fourth quarter, in line with analysts' estimate. Revenue in the fourth quarter increased 6.8% year-over-year to $33.19 billion, beating analysts' estimate of $32.68 billion.

The company forecasts revenue of $132,20 billion in 2015 (analysts' estimate: $129.82 billion).

Verizon Communications (VZ) shares decreased to $47.95 (-0.62%) prior to the opening bell.

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