Shares of Verizon Communications Inc. (NYSE: VZ) rose sharply after the company announced its third-quarter financial results. The company’s adjusted earnings for the quarter came in at $0.77 per share, compared to $0.64 per share reported for the same period in the previous year. Revenue for the quarter stood at $30.28 billion, compared to $30.16 billion reported for the same period in the previous year. Lowell C. McAdam, Verizon’s CEO said that the strong third-quarter results reflect the company’s long-term investment in reliable, high-quality networks to deliver value to customers. VZ shares ended the day 3.49% higher at $48.90.
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Major Movers on December 3; GMCR, DECK, SVU, HMA, DELL, VZ
Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) shares gained almost 4% after Lazard raised its price target on the stock to $56 from $42. The stock has plunged almost 35% in the last year; however, most of analysts have maintained a positive outlook on the company.
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Verizon Communications Q3 Profit Rises (VZ)
New York-based integrated telecommunications company that provides wire line voice and data services, wireless services, Internet services, and published directory information, Verizon Communications Inc. (NYSE: VZ) reported results for the third quarter of 2012 ended Sep 30, 2012.
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