Verizon Communications (NYSE: VZ) came out with quarterly earnings of $1.15 per share, beating the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.20 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 2.68%. A quarter ago, it was expected that this largest U.S. cellphone carrier would post earnings of $1.07 per share when it actually produced earnings of $1.08, delivering a surprise of 0.93%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Verizon, which belongs to the Zacks Wireless National industry, posted revenues of $32.98 billion for the quarter ended March 2024, missing the Zacks Consensus Estimate by 1.05%. This compares to year-ago revenues of $32.91 billion. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Verizon shares have added about ...