Verizon Communications (VZ) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $1.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.93%. A quarter ago, it was expected that this largest U.S. cellphone carrier would post earnings of $1.17 per share when it actually produced earnings of $1.22, delivering a surprise of 4.27%.Over the last f ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

Safe harbor statement In this presentation we have made forward-looking statements. These statements are based on our estimates and assumptions and are subject to risks and uncertainties. Forward-looking statements include the information concerning our possible or assumed future results of operations. Forward-looking statements also include those preceded or followed by the words “anticipates,” “assumes,” “believes,” “estimates,” “expects,” “forecasts,” “hopes,” “intends,” “plans,” “targets” or similar exp ...

Shares of Verizon Communications Inc. were up 3% in premarket trading Tuesday after the telecommunications company showed momentum in its consumer wireless business in the latest quarter. The wireless giant posted a fourth-quarter net loss of $2.6 billion, or 64 cents a share, compared with $6.7 billion, or $1.56 a share, in the year-earlier quarter. Verizon VZ, +0.64% previously disclosed that it would take a $5.8 billion noncash goodwill impairment charge for the fourth quarter following a five-year plann ...

Full-year 2023 wireless service revenue was $76.7 billion, up 3.2 percent from full-year 2022 Fixed wireless net additions for full-year 2023 were up over 31 percent year over year reflecting the increased demand driven by the strength and reliability of the product Total wireless postpaid net additions for full-year 2023 spike 26 percent compared to 2022 Total wireless postpaid phone net additions jump to 449,000 for fourth-quarter 2023 compared to 217,000 for fourth-quarter 2022 Consumer postpaid phone g ...

Verizon is the most awarded for Network Quality, according to J.D. Power – 32 times in a row; more than any other wireless provider.Verizon continues to rank first, significantly above the industry average in the Northeast, Southeast, and Southwest regions, with fewest call, messaging and data problems reported.Verizon received J.D. Power awards in all six regions -- achieving top score across all problem areas.** NEW YORK, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Verizon prides itself on delivering the most relia ...

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 ...