Company News: Verizon (VZ) quarterly earnings beat analysts’ expectations

Market news

29 January 2019

Company News: Verizon (VZ) quarterly earnings beat analysts’ expectations

Verizon (VZ) reported Q4 FY 2018 earnings of $1.12 per share (versus $0.86 in Q4 FY 2017), beating analysts’ consensus estimate of $1.09.

The company’s quarterly revenues amounted to $34.281 bln (+1.0% y/y), generally in line with analysts’ consensus estimate of $34.446 bln.

The company also issued in-line guidance for FY 2019, projecting EPS to be similar to FY 2018’s EPS of $4.71 versus analysts’ consensus estimate of $4.73.

VZ fell to $53.37 (-3.09%) in pre-market trading.

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