NEW YORK (AP) — NEW YORK (AP) — Verizon Communications Inc. (VZ) on Tuesday reported third-quarter net income of $4.76 billion.
The New York-based company said it had profit of $1.13 per share. Earnings, adjusted for non-recurring costs, came to $1.22 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.
The largest U.S. cellphone carrier posted revenue of $33.34 billion in the period, falling short of Street forecasts. Seven analysts surveyed by Zacks expected $33.39 billion.
Verizon expects full-year earnings in the range of $4.55 to $4.85 per share.
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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