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Verizon announced earnings per share of $1.26 on revenue of $31.61B. Analysts polled by Investing.com anticipated EPS of $1.23 on revenue of $32.47B. That with comparison to EPS of $1.2 on revenue of $32.13B in the same period a year before. Verizon had reported EPS of $1.13 on revenue of $34.78B in the previous quarter. Analysts are expecting EPS of $1.24 and revenue of $31.75B in the upcoming quarter.
Verizon shares are down 6% from the beginning of the year , still down 7.44% from its 52 week high of $62.22 set on December 20, 2019. They are outperforming the S&P 500 which is down 13.77% year to date.
Verizon shares gained 0.71% in pre-market trade following the report.
Verizon’s report follows an earnings missed by AT&T on Wednesday, who reported EPS of $0.84 on revenue of $42.78B, compared to forecasts EPS of $0.85 on revenue of $44.33B.
Netflix had missed expectations on Tuesday with first quarter EPS of $1.57 on revenue of $5.77B, compared to forecast for EPS of $1.63 on revenue of $5.74B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
