Investing.com - Verizon (NYSE:VZ) reported fourth quarter earnings that beat analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.12 on revenue of $34.28B. Analysts polled by Investing.com anticipated EPS of $1.09 on revenue of $34.45B. That compared to EPS of $0.86 on revenue of $33.96B in the same period a year earlier. The company had reported EPS of $1.22 on revenue of $32.61B in the previous quarter.
For the year, Verizon shares are down 2.05%, under-performing the Dow 30 which is up 6.37% year to date.
Verizon follows other major Services sector earnings this month
On January 23, Comcast reported fourth quarter EPS of $0.64 on revenue of $27.85B, compared to forecasts of EPS of $0.62 on revenue of $27.57B.
Netflix earnings beat analyst's expectations on January 17, with fourth quarter EPS of $0.3 on revenue of $4.19B. Investing.com analysts expected EPS of $0.24 on revenue of $4.21B
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