Verizon Communications Inc. (VZ), the largest wireless carrier in the country, reported strong earnings and revenues in the fourth quarter of fiscal year 2013 (4QFY13). Investors responded, boosting the stock price more than 1% in pre-market trading. When trading opened the stock price dipped 2% though.
The company reported earnings of $0.66 per share, beating estimates of $0.62. This puts the company’s FY13 earnings at $2.34 per share, up 26.8% year-over-year (YoY). Verizon posted revenues of $31.1 billion beating estimates by $80 million.
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