NEW YORK (AP) — Verizon Communications Inc. (VZ) on Tuesday reported fourth-quarter net income of $18.67 billion.

The New York-based company said it had net income of $4.56 per share. Earnings, adjusted for one-time gains and costs, came to 86 cents per share.

The results missed Wall Street expectations. The average estimate of 18 analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.

The largest U.S. cellphone carrier posted revenue of $33.96 billion in the period, which beat Street forecasts. Fifteen analysts surveyed by Zacks expected $33.15 billion.

For the year, the company reported profit of $30.1 billion, or $7.36 per share. Revenue was reported as $126.03 billion.

Verizon shares have risen 1 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 6 percent. The stock has risen slightly more than 1 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VZ at https://www.zacks.com/ap/VZ

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