Company News: Verizon (VZ) Quarterly Results Beat Estimates

Market news

21 January 2016

Company News: Verizon (VZ) Quarterly Results Beat Estimates

Verizon reported Q4 FY 2015 earnings of $0.89 per share (versus $0.71 in Q4 FY 2014), beating analysts' consensus of $0.88.

The company's quarterly revenues amounted to $34.254 bln (+3.2% y/y), slightly beating consensus estimate of $34.118 bln.

Verizon reaffirmed guidance for FY 2016, projecting EPS comparable to $3.99 (versus analysts' consensus of $3.97).

VZ rose to $44.75 (+0.74%) in pre-market trading.

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