Verizon Slips as It Matches Street

Verizon(VZ Quote - Cramer on VZ - Stock Picks) was down 1.2% in midmorning after posting fourth-quarter earnings of 77 cents a share.

That met the First Call/Thomson Financial consensus.

It also beat the year-ago's 75-cent earnings.

The telecom giant said wireless sales had jumped sharply and its long-distance subscriber rolls had grown, as well.