Investing.com - Shares of Verizon (NYSE:VZ) traded around 1% higher in pre-market trade on Tuesday after reporting mixed results for its fourth quarter earnings period.
Specifically, the Dow component reported fourth quarter adjusted earnings-per-share (EPS) of $0.86, compared to expectations of $0.88.
Revenue at the blue-chip telecom grew 5.0% from the same period a year before to $33.96 billion, coming in ahead of estimates for $33.27 billion.
“Verizon finished 2017 with great momentum, led by some of the best customer growth and loyalty results Verizon Wireless has delivered in recent years,” the firm’s chairman and chief executive officer Lowell McAdam highlighted in the release.
“In 2018 we look to drive long-term shareholder value by deploying next-generation network services, leveraging global platforms such as Oath, and using our strategic Humanability approach to turn innovative ideas into realities,” he added.
After the release, shares in Verizon (NYSE:VZ) gained 1.22% to $54.10 in pre-market trade, compared to Monday's closing price of $53.46.