NEW YORK (TheStreet) -- Shares of Verizon are slipping on Thursday after the company reported mixed first-quarter results with profit that fell short of Wall Street expectations.
Shares of Verizon (VZ) were slipping on Thursday after reporting a nearly 5% rise in first-quarter revenue but profit still that fell short of expectations.
Excluding items, earnings came to 84 cents a share on revenue of $30.8 billion. Earnings missed analysts' forecasts of 87 cents a share, but revenue slightly topped estimates of $30.7 billion, according to Thomson Reuters.
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