NEW YORK (AP) — NEW YORK (AP) — Verizon Communications Inc. (VZ) on Wednesday reported third-quarter earnings of $4.95 billion.
The New York-based company said it had net income of $1.17 per share. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, were $1.21 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.
The largest U.S. cellphone carrier posted revenue of $33.82 billion in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $34.18 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VZ at https://www.zacks.com/ap/VZ
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