Verizon Communications Inc. (NYSE:VZ) posted on Thursday Q1 earnings of 59 cents a share, increased 15.7% from earnings in the similar time period previous year.
The firm reports revenue surged by 4.6% over the first quarter of 2011, to $28.2 billion.
Data revenues in Verizon’s wireless segment assisted to drive the growth. Revenues from data were surged 21.1%.
Turning towards the investors who viewing VZ against TIM Participacoes SA (ADR) (NYSE:TSU) declined -1.50%, China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) rose +2.18%, VimpelCom Ltd (ADR) (NYSE:VIP) slid -0.87%, Telefonica Brasil SA (ADR) (NYSE:VIV) fell -1.28%, Mobile TeleSystems OJSC (ADR) (NYSE:MBT) which increased +0.11% and China Mobile Ltd. (ADR) (NYSE:CHL) edged up +0.40%.
Verizon Communications Inc. (NYSE:VZ) surged 1.30% or +$0.49 to close the trading at $38.15 following it hit intraday high level of $38.60. The total traded volume in the previous trading session was 18.47 million shares as compared to average 15.65 million shares. Its fifty two week trading range was $32.28 – $40.48. The total market capitalization reached $108.18 billion.
The stock price was ahead its 52 week low price with 22.99% and it lagged behind -3.27% from its 52 week maximum mark. Stock price volatility for last month remained 1.08%. In its share capital, the company has 2.84 billion outstanding shares out of which 2.84 billion shares have been floated in the market. For now, stock ownership with company’s management remained 0.01%.
VZ presented an optimistic weekly performance of 1.60% with respect to its rate of return and it remained -2.45% for the month. However, the performance for a quarter experienced a negative change of -0.88% and it surged 8.01% for a year and its year to date performance remained in red with -2.40%.
Current stock price is in the upbeat territory taking into account of 20 days moving average with +0.64% and continued bullish run for 50 days moving average with +0.34%. Its earning per share for the past twelve months was $0.85. Company’s beta coefficient was at 0.56. Beta measures the amount of market risk associated with market trade.
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