Verizon Communications Q3 adjusted earnings Beat Estimates

(RTTNews) - Verizon Communications (VZ) released earnings for its third quarter that climbed from the same period last year.

The company's earnings totaled $5.06 billion, or $1.19 per share. This compares with $3.74 billion, or $0.89 per share, in last year's third quarter.

Analysts had expected the company to earn $1.19 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.8% to $32.61 billion from $31.72 billion last year.

Verizon Communications earnings at a glance:

-EPS (Q3): $1.22 vs. $0.98 last year. -Analysts Estimate: $1.19 -Revenue (Q3): $32.61 Bln vs. $31.72 Bln last year.