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Politics : Formerly About Applied Materials

AMAT 249.89

+3.1%

Nov 26 3:59 PM EST

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To: StanX Long who wrote (63137)	4/23/2002 11:53:45 PM
From: StanX Long	Read Replies (1) of 70976

Verizon Communications Meets Q1 Estimates; Lowers Full Year Guidance host.wallstreetcity.com Boston, Apr 23, 2002 (MidnightTrader via COMTEX) -- Verizon Communications (VZ) today reported adjusted diluted earnings per share of $0.72 in the first quarter on revenue of $16.4 billion. This compares with revenue of $16.5 billion in the same quarter a year ago. Analysts expected the company to report income of $0.72 per share on revenue of $16.48 million, according to First Call. Going forward the company said it expects revenue for the year to grow between zero and 1%, down from previous expectations of growth between 3 and 5%. EPS is expected between $3.12 and $3.17 per share, down from previous guidance of income between $3.20 and $3.30 per share. Finally, capital expenditures are expected to be between $14 and $15 billion, down from previous expected capital expenditures between $15 and $16 billion. Currently, analysts expect the company to report EPS of $3.18 per share in the full year, according to First Call. VZ is near the flatline on REDIBook. Price: 39.99, Change: -0.01, Percent Change: -0.02%

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