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

Market news

30 January 2020

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

Verizon (VZ) reported Q4 FY 2019 earnings of $1.13 per share (versus $1.12 per share in Q4 FY 2018), missing analysts' consensus estimate of $1.15 per share.

The company's quarterly revenues amounted to $34.775 bln (+1.4% y/y), roughly in line with analysts' consensus estimate of $34.624 bln.

The company also issued upside guidance for FY 2020, projecting EPS of +2-4%, implying $4.91-5.00, versus analysts' consensus estimate of $4.89.

VZ fell to $59.10 (-0.72%) in pre-market trading.

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