New York-based Verizon Communications Inc. (VZ) provisions communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. With a market cap of $190.3 billion, Verizon operates through Verizon Consumer Group and Verizon Business Group segments. The telecom giant is expected to release its Q3 earnings before the market opens on Tuesday, Oct. 22.
Ahead of the event, analysts expect Verizon to report a profit of $1.17 per share, down 4.1% from $1.22 per share reported in the year-ago quarter. The company has surpassed Wall Street’s EPS estimates in each of the past four quarters. Its EPS for the last reported quarter declined 5% year-over-year to $1.15 but managed to exceed the consensus estimates by a small margin.
