© Reuters. Verizon Earnings, Revenue Beat in Q3
Investing.com – Verizon (NYSE:) reported on Friday third quarter that beat analysts’ forecasts and revenue that topped expectations.
Verizon announced earnings per share of $1.32 on revenue of $34.20. Analysts polled by Investing.com anticipated EPS of $1.29 on revenue of $33.78B.
Verizon shares are down 28% from the beginning of the year, still down 33.35% from its 52 week high of $55.51 set on April 21.
Verizon shares lost 0.92% in pre-market trade following the report.
Verizon follows other major Communication Services sector earnings this month
Verizon’s report follows an earnings beat by AT&T on Thursday, who reported EPS of $0.68 on revenue of $30B, compared to forecasts EPS of $0.61 on revenue of $29.87B.
Netflix had beat expectations on Tuesday with third quarter EPS of $3.1 on revenue of $7.93B, compared to forecast for EPS of $2.18 on revenue of $7.85B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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