Shares of Verizon Communications were down slightly on Tuesday after posting mixed quarterly results. Verizon reported earnings of $0.94 a share, two cents ahead of forecasts. Revenue of $30 and a half billion, a hair below forecasts. The quarterly results come one day after Verizon agreed to acquire Yahoo’s core assets for $4.8 billion. CEO Lowell McAdam said in a statement that by acquiring Yahoo, Verizon is scaling up to be a major competitor in mobile media. He added that the acquisition is expected to give Verizon a significant source of revenue growth for the future.
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