Telecom major Verizon Communications Inc. (VZ) has fallen 25% in price year-to-date and 22.5% over the past year to close the last trading session at $38.98. VZ provides communications, technology, information, and entertainment products and services worldwide to consumers, businesses, and governmental entities. The company operates through Consumer and Business segments.
VZ surpassed the consensus EPS and revenue estimates in the third quarter. Its EPS was 2.5% higher than analyst estimates, and its revenue beat the consensus estimate by 1.3%.
