Verizon Communications Q3 Earnings Rise 10%

(RTTNews) - Verizon Communications (VZ) released a profit for its third quarter that rose from last year.

The company said its bottom line climbed to $4.17 billion, or $1.04 per share. This was higher than $3.79 billion, or $0.89 per share, in last year's third quarter.

Analysts had expected the company to earn $1.02 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.0% to $33.16 billion. This was up from $31.59 billion last year.

Verizon Communications earnings at a glance:

-Earnings (Q3): $4.17 Bln. vs. $3.79 Bln. last year. -Earnings Growth (Y-o-Y): 10.0% -EPS (Q3): $1.04 vs. $0.89 last year. -EPS Growth (Y-o-Y): 16.9% -Analysts Estimate: $1.02 -Revenue (Q3): $33.16 Bln vs. $31.59 Bln last year. -Revenue Change (Y-o-Y): 5.0%