Investing.com - Verizon Communications (NYSE:VZ), the largest mobile network operator in the U.S., reported weaker-than-expected third quarter earnings and revenue ahead of Tuesday’s opening bell.
Verizon said adjusted earnings per share came in at $0.89, just missing expectations for earnings of $0.90 per share.
The mobile network operator’s third quarter revenue totaled $31.59 billion, broadly in line with market expectations.
The company said wireless retail net additions totaled 1.5 million in the three months ended September 30.
Chairman and CEO Lowell McAdam said, "We have great confidence heading into the fourth quarter, as Verizon continues to deliver consistently strong operating and financial results.:
Immediately after the earnings announcement, VZ shares tacked on 0.6% in trading prior to the opening bell.
Meanwhile, the outlook for U.S. equity markets was upbeat. The Dow futures indicated a gain of 0.45% at the open, the S&P 500 futures pointed to a rise of 0.65%, while Nasdaq 100 futures tacked on 0.8%.