Verizon Communications (VZ) Tops Q4 Earnings and Revenue Estimates

Verizon Communications (VZ) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $1.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.93%. A quarter ago, it was expected that this largest U.S. cellphone carrier would post earnings of $1.17 per share when it actually produced earnings of $1.22, delivering a surprise of 4.27%.Over the last f ...