Verizon reported Q1 FY 2016 earnings of $1.06 per share (versus $1.02 in Q1 FY 2015), in-line with analysts’ consensus of $1.06.
The company’s quarterly revenues amounted to $32.171 bln (+0.6% y/y), generally in-line with consensus estimate of $32.481 bln.
Verizon reaffirmed guidance for FY 2016, projecting EPS of comparable to $3.99 in 2015 (versus analysts’ consensus estimate of $3.97).
VZ fell to $50.45 (-2.51%) in pre-market trading.
The post Company News: Verizon (VZ) Posts Q1 Financials in Line With Analysts’ Estimates appeared first on forex-analytics.press.