Verizon (NYSE:VZ) reported first quarter earnings that Beat analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.2 on revenue of $32.13B. Analysts polled by forecast EPS of $1.17 on revenue of $32.15B. That compared to EPS of $1.17 on revenue of $31.77B in the same period a year earlier. The company had reported EPS of $1.12 on revenue of $34.28B in the previous quarter.
Verizon shares gained 0.89% to trade at $58.89 in pre-market trade following the report.
Verizon follows other major Services sector earnings this month
On April 16, Netflix reported first quarter EPS of $0.76 on revenue of $4.52B, compared to forecasts of EPS of $0.58 on revenue of $4.5B.
Las Vegas Sands earnings Beat analysts' expectations on April 17, with first quarter EPS of $0.91 on revenue of $3.65B. analysts expected EPS of $0.87 on revenue of $3.51B
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