Key facts: Verizon Q3 revenue at $33.82B; under DOJ investigation
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Verizon's Q3 revenue reached $33.82 billion, up 1.5% year-over-year, but missed forecasts by 1.2%. The company surpassed EPS estimates despite falling short on revenue.1Verizon is under investigation by the US Justice Department for its diversity initiatives, focusing on possible violations of the False Claims Act linked to federal contracts.23
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