Investing.com - Verizon (NYSE:VZ) reported third quarter earnings that matched analyst's expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $1.19 on revenue of $32.61B. Analysts polled by Investing.com expected EPS of $1.19 on revenue of $32.49B. That compared to EPS of $0.98 on revenue of $31.72B in the same period a year earlier. The company had reported EPS of $1.2 on revenue of $32.2B in the previous quarter.
Verizon shares lost 0.87% to trade at $54.50 in pre-market trade following the report.
For the year, Verizon shares are down 18.69%, under-performing the S&P Global 100 which is down 0.25% year to date.
Verizon follows other major Services sector earnings this month
On Tuesday, October 16, 2018, Netflix (NASDAQ:NFLX) reported third quarter EPS of $0.89 on revenue of $4B, compared to forecasts of EPS of $0.68 on revenue of $4B.
Costco (NASDAQ:COST) earnings matched analyst's expectations on Thursday, October 4, 2018, with fourth quarter EPS of $2.36 on revenue of $44.41B. Investing.com analysts expected EPS of $2.36 on revenue of $44.23B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar