Verizon Earnings: Dials Past Wall Street Revenue Expectation

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Verizon Communications Inc. (NYSE:VZ) had a loss and missed Wall Street’s profit expectation, BUT beat the revenue expectation. Shares are down .38%.

Start 2013 better than ever by saving time and making money with your Limited Time Offer for our highly-acclaimed Stock Picker Newsletter. Click here for our fresh Feature Stock Pick now!

Verizon Communications Inc. Earnings Cheat Sheet

Results: Net loss increased to $4.23 billion (or a loss of 1.48 cents per share) in the quarter versus a net loss of $2.02 billion in the year-earlier quarter.

Revenue: Rose 5.68% to $30.05 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Verizon Communications Inc. reported adjusted net income of 38 cents per share. By that measure, the company missed the mean analyst estimate of $0.5. It beat the average revenue estimate of $29.83 billion.

Quoting Management: “Verizon seized growth opportunities in the fourth quarter to cap a year of solid progress across the entire business,” said Lowell McAdam, Verizon chairman and CEO…

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business