Shares of Verizon Communications Inc. (VZ) rose 2.4% to close at $53.61 on Wednesday after the American multinational telecommunications company recorded upbeat third-quarter earnings. The positive results were driven by the accelerated adoption of 5G-capable devices. Revenue figures, however, missed analysts’ expectations during the quarter. The company reported adjusted earnings of $1.41 per share in the third quarter, which compared favorably with the income of $1.25 per share recorded in the same quarter last year. Adjusted earnings also significantly beat analysts’ expectations of $1.36 per share. At the same time, adjusted operating revenue rose 5.5% year-over-year to $32.9 billion but missed the consensus estimate of $33.2 billion.
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Verizon Communications (NYSE:VZ)
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Verizon Communications (NYSE:VZ)
Graphique Historique de l'Action
De Nov 2020 à Nov 2021 Plus de graphiques de la Bourse Verizon Communications