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Wall Street expected the firm to post earnings per share of $1.06 on revenue of $32.46 billion, according to a Thomson Reuters consensus estimate.
The Dow component has reportedly been in talks to acquire declining internet giant Yahoo. In fact, Verizon was set to advance to the second stage of bidding for Yahoo's core assets, as the company went through offers to put together a short list, people familiar with the matter told Reuters .
Verizon submitted its offer with advice from investment banks Guggenheim Partners, LionTree, and Allen & Co., the people said on Tuesday. Yahoo's (NASDAQ: YHOO) stock is up 14 percent this year.
Shares of Verizon (NYSE: VZ) have gained nearly 17 percent in the past three months and about 15 percent in the past six, outperforming rival T-Mobile. John Legere's firm has seen its shares rise 8 percent in the past three months, and fall slightly in the past six.
VZ in the past 6 months
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