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.
WATCH: More videos from Brittany Umar on TheStreet TV
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts