Verizon Communications Q4 adjusted earnings Beat Estimates

(RTTNews) - Verizon Communications (VZ) revealed a profit for fourth quarter that dropped from the same period last year.

The company's bottom line totaled $4.72 billion, or $1.11 per share. This compares with $5.22 billion, or $1.23 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.17 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.3% to $34.69 billion from $34.78 billion last year.

Verizon Communications earnings at a glance:

-EPS (Q4): $1.21 vs. $1.13 last year. -Analysts Estimate: $1.17 -Revenue (Q4): $34.69 Bln vs. $34.78 Bln last year.