Verizon Communications (NYSE:VZ) reported quarterly earnings of $1.19 per share which met the analyst consensus estimate. This is a 9.16 percent decrease over earnings of $1.31 per share from the same period last year. The company reported quarterly sales of $35.30 billion which beat the analyst consensus estimate of $35.14 billion by 0.46 percent. This is a 3.62 percent increase over sales of $34.07 billion the same period last year.
Dow Gains Over 100 Points; US Producer Prices Rise 0.1% In June
U.S. stocks traded higher this morning, with the Dow Jones gaining over 100 points on Thursday.
Following the market opening Thursday, the Dow traded up 0.31% to 34,454.88 while the NASDAQ rose 0.98% to 14,056.00. The S&P 500, also rose, gaining, 0.57% to 4,497.81.
