Verizon Communications (NYSE: VZ) stock gained 2.1% through 1:45 p.m. ET Wednesday after the company reported mixed earnings.

Heading into the telecommunications giant's third-quarter report, analysts forecast Verizon would earn $1.19 per share on $24.3 billion in revenue. Verizon beat the earnings number, returning $1.21 per share, but missed on sales, delivering only $33.8 billion.

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Source Fool.com