Bruce Bennett Verizon (VZ) is a telecommunication conglomerate and one of the largest in the world, with a market cap of more than $160 billion. The company recently announced a $5.8 billion impairment charge that it was taking, a long line in a string of bad news, where it spent almost $80 billion at a 5G auction. Verizon Spending Costs Verizon's biggest problem has been it's getting into a more competitive and expensive market. T-Mobile has become a major player that it wasn't before and AT&T remains an e ...

Verizon Communications Quarterly Earnings Profile  Analysts' Estimate for Q4 2023 Q3 2023 Q4 2022 Revenue $34.6 billion $33.3 billion $35.3 billion Diluted EPS $1.06 $1.13 $1.56 Net Income $4.5 billion $4.9 billion $6.7 billionVerizon said Wednesday it will take the charge for its business unit because of declining demand for land- and fixed-line services provided to commercial customers. Visible Alpha estimates revenue in the division, accounting for about a fifth of the company's sales, fell an estimated ...

NEW YORK, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Verizon Communications Inc. ((NYSE, NASDAQ:VZ) will report fourth-quarter 2023 earnings on Tuesday, January 23. The company will present results on a webcast beginning at 8:30 a.m. Eastern Time. Access instructions and presentation materials will be available at 7:00 a.m. on Verizon's Investor Relations website, https://www.verizon.com/about/investors. These materials include: Detailed commentary on Verizon's fourth quarter and full year results;Verizon's earnings ...

NEW YORK, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) will report fourth-quarter 2023 earnings on Tuesday, January 23. The company will present results on a webcast beginning at 8:30 a.m. Eastern Time. Access instructions and presentation materials will be available at 7:00 a.m. on Verizon’s Investor Relations website, https://www.verizon.com/about/investors. These materials include: Detailed commentary on Verizon’s fourth quarter and full year results;Verizon’s earnings ...

BASKING RIDGE, N.J., Jan. 18, 2024 (GLOBE NEWSWIRE) -- Verizon Frontline today introduced Michael Berkow, former director of the U.S. Coast Guard Investigative Service (CGIS), as the newest member of the Verizon First Responder Advisory Council (VFRAC). As head of the CGIS, Berkow, who brings more than 30 years of law enforcement experience to his new role, oversaw all investigations involving crimes on the water and led a team of 450 special agents located in Coast Guard offices around the world. His disti ...

Key TakeawaysVerizon said Wednesday it would take a $5.8 billion charge to write down the value of its Verizon Business Group.The telecom firm noted the unit faced declines in wireline revenue along with competitive and macroeconomic pressures.Verizon said that a review done in the fourth quarter showed the long-term financial outlook of the unit was lower than previously expected.Verizon Communications Inc. (VZ) shares declined Wednesday after the telecommunications giant said it would take a $5.8 billion ...

What you need to know: Preorder the latest Samsung Galaxy S24 series smartphone on Verizon today.New and existing Verizon customers on select Verizon Unlimited plans can trade in any model Samsung phone and get a new Galaxy S24 or Galaxy S24+ on us1.For a limited time, get 256GB for the price of 128GB, or 512GB for the price of 256GB when you pre-order your Galaxy S24 series phone2. SAN JOSE, Calif., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Breaking news: Samsung just unveiled the new Galaxy S24 series, featuring ...

Verizon Communications Inc. (VZ) is scheduled to report fourth-quarter 2023 results before the opening bell on Jan 23. In the last reported quarter, the telecom giant beat the Zacks Consensus Estimate by 5 cents.The company is expected to have recorded lower aggregate revenues year over year despite healthy momentum in the core wireless business, owing to a challenging macroeconomic environment.Factors at PlayDuring the fourth quarter, Verizon continued to capitalize on the full availability of 160 MHz of 5 ...

Verizon Communications isn’t selling as many landlines to businesses as it once did. ...

About this content About Stephen Gunnion Stephen Gunnion is a senior financial journalist and broadcaster at Proactive Investors. He has more than 25 years of experience in television, radio and print media, anchoring on a number of television channels including South Africa's Business Day TV, CNBC Africa and the South African Broadcasting Corporation, where he was the economics editor. He has also worked for Daily Maverick, Bloomberg, the Business Day newspaper and Investors' Chronicle. Read more About ...