Company News: Verizon (VZ) quarterly earnings miss analysts’ estimate

Market news

23 January 2018

Company News: Verizon (VZ) quarterly earnings miss analysts’ estimate

Verizon (VZ) reported Q4 FY 2017 earnings of $0.86 per share (versus $0.86 in Q4 FY 2016), missing analysts' consensus estimate of $0.88.

The company's quarterly revenues amounted to $33.955 bln (+2.2% y/y), beating analysts' consensus estimate of $33.198 bln.

The company also announced it expected its 2018 EPS and sales would grow at low-single-digit percentage rates.

VZ rose to $53.95 (+0.92%) in pre-market trading.

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