Verizon Communications (NYSE:VZ) reported quarterly earnings of $1.28 per share which beat the analyst consensus estimate of $1.20 by 6.67 percent. This is a 7.56 percent increase over earnings of $1.19 per share from the same period last year. The company reported quarterly sales of $34.400 billion which missed the analyst consensus estimate of $34.836 billion by 1.25 percent. This is a 2.69 percent increase over sales of $33.500 billion the same period last year.