Investing.com - Verizon (NYSE:VZ) reported second quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.23 on revenue of $32.07B. Analysts polled by Investing.com expected EPS of $1.2 on revenue of $32.41B. That compared to EPS of $1.2 on revenue of $32.2B in the same period a year earlier. The company had reported EPS of $1.2 on revenue of $32.13B in the previous quarter.
For the year, Verizon shares are down 1.69%, under-performing the Dow 30 which is up 16.5% year to date.
Verizon follows other major Services sector earnings this month
On Thursday, July 25, 2019, Amazon.com reported second quarter EPS of $5.22 on revenue of $63.4B, compared to forecasts of EPS of $5.56 on revenue of $62.52B.
Visa A earnings beat analyst's expectations on Wednesday, July 24, 2019, with third quarter EPS of $1.37 on revenue of $5.84B. Investing.com analysts expected EPS of $1.32 on revenue of $5.7B
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