Verizon Communications Q1 Profit Rises

(RTTNews) - Verizon Communications (VZ) announced earnings for its first quarter that Increases, from the same period last year

The company's bottom line came in at $5.04 billion, or $1.20 per share. This compares with $4.87 billion, or $1.15 per share, last year.

Excluding items, Verizon Communications reported adjusted earnings of $1.28 per share for the period.

The company's revenue for the period rose 2.9% to $34.44 billion from $33.48 billion last year.

Verizon Communications earnings at a glance (GAAP) :

-Earnings: $5.04 Bln. vs. $4.87 Bln. last year. -EPS: $1.20 vs. $1.15 last year. -Revenue: $34.44 Bln vs. $33.48 Bln last year.

-Guidance: Full year EPS guidance: $ 4.95 To $ 4.99