Verizon Earnings, Revenue Beat in Q4 By Investing.com

Investing.com – Verizon (NYSE:) reported on Tuesday fourth quarter that beat analysts’ forecasts and revenue that topped expectations.

Verizon announced earnings per share of $1.31 on revenue of $34.1B. Analysts polled by Investing.com anticipated EPS of $1.29 on revenue of $33.93B.

Verizon shares are up 1% from the beginning of the year, still down 11.51% from its 52 week high of $59.85 set on May 10, 2021. They are outperforming the S&P 500 which is down 7.47% from the start of the year.

Verizon follows other major Communication Services sector earnings this month

Verizon’s report follows an earnings beat by Netflix on Thursday, who reported EPS of $1.33 on revenue of $7.71B, compared to forecasts EPS of $0.8328 on revenue of $7.71B.

Sify had beat expectations on Monday with fourth quarter EPS of $2.24 on revenue of $7.78B, compared to forecast for EPS of $2.22 on revenue of $8.23B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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