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Verizon, Delta Announces Earnings
Tuesday, January 22, 11:20 AM ET

Verizon (NYSE:VZ) announced that it lost $4.24 billion, or $1.48 per share, versus $2.02 billion, or 71 cents per share, in the same period last year. The loss included a $1.86 per share charge related to employee benefits and restructuring activities. Revenue increased by 5.7% to $30.05 billion. Analysts had forecast earnings of 50 cents per share on revenue of $29.83 billion.

Shares are lower in early trading.

Delta Air Lines (NYSE:DAL) announced that it earned $7 million, or 1 cent per share, versus $425 million, or 51 cents per share in the same period last year. Revenue increased by two percent to $8.6 billion. Both earnings and revenue were slightly better than estimates. Earnings were heavily impacted by Hurricane Sandy, which hurt revenue by $75 million, and delayed the re-opening of the company's new oil refinery, causing a $63 million loss.

Shares are about even in early trading.

For MarketNewsVideo.com, I'm Sayoko Murase.

Verizon, Delta Announces Earnings picture
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