Company News: Verizon (VZ) Q3 results generally in line with consensus

Market news

20 October 2015

Company News: Verizon (VZ) Q3 results generally in line with consensus

Verizon reported Q3 earnings of $1.04 per share (+16.9% y/y), slightly beating analysts' consensus of $1.02.

The company's revenues amounted to $33.158 bln (+5% y/y), generally in-line with consensus estimate of $32.970 bln.

Verizon reaffirmed expectation for consolidated revenue growth of at least 3% for FY2015, in-line with expectations.

VZ rose to $45.50 (+1.79%) in pre-market trading.

Company News: United Tech (UTX) Q3 profit beats expectations

Foreign exchange market. European session: the euro traded higher against the U.S. dollar on speculation that the European Central Bank will expand its asset-buying programme

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