Verizon Communications (NYSE:VZ) reported quarterly earnings of $1.21 per share which beat the analyst consensus estimate of $1.16 by 4.31 percent. This is a 7.63 percent decrease over earnings of $1.31 per share from the same period last year. The company reported quarterly sales of $32.60 billion which missed the analyst consensus estimate of $33.28 billion by 2.04 percent. This is a 3.52 percent decrease over sales of $33.79 billion the same period last year.