Verizon Communications Inc. (VZ) reported third quarter adjusted EPS of $1.32, a decline of 7.0% from prior year. Adjusted EBITDA was $12.2 billion, down 0.4%. On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of $1.29, for the quarter. Analysts' estimates typically exclude special items.
Net income was $5.0 billion, a decrease of 23.3 percent from prior year. Earnings per share was $1.17 compared to $1.55. The company noted that its third-quarter EPS included a pre-tax loss from special items of approximately $881 million.
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