Investing.com - 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 Investing.com expected 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.
For the year, Verizon shares are up 3.82%, under-performing the S&P 500 which is up 17.4% year to date.
Verizon follows other major Services sector earnings this month
On Tuesday, April 16, 2019, 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 analyst's expectations on Wednesday, April 17, 2019, with first quarter EPS of $0.91 on revenue of $3.65B. Investing.com analysts expected EPS of $0.87 on revenue of $3.51B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar