Verizon (VZ 5.99%) stock is making big gains Tuesday following the publication of its fourth-quarter earnings report. The company's share price was up 5.8% as of 2:15 p.m. ET, according to data from S&P Global Market Intelligence.Verizon posted non-GAAP (adjusted) earnings per share of $1.08 on revenue of $35.1 billion. Earnings for the period were in line with Wall Street's expectations, but the 0.6% sales decline that the business posted was less than expected. The telecom giant beat the average analyst s ...

Verizon Communications Inc. (NYSE:VZ) Q4 2023 Earnings Conference Call January 23, 2024 8:30 AM ET Company Participants Brady Connor - Senior Vice President, Investor Relations Hans Vestberg - Chairman and Chief Executive Officer Tony Skiadas - Chief Financial Officer Conference Call Participants John Hodulik - UBS Simon Flannery - Morgan Stanley Phil Cusick - JPMorgan Michael Rollins - Citi Frank Louthan - Raymond James David Barden - Bank of America Craig Moffett - MoffettNathanson Kannan Venkateshwar - B ...

Shares of telecommunications giant Verizon (VZ 5.50%) jumped 5.7% through 11:30 a.m. ET after meeting analyst forecasts for Q4 earnings and beating on sales Tuesday morning.Heading into its fourth and final quarterly report for 2023, Wall Street had forecast that Verizon would earn $1.08 per share (adjusted for one-time items) on sales of $34.6 billion. Verizon hit the earnings number on the nose and edged out sales projections, delivering $35.1 billion in sales for the quarter. Verizon sales and earningsBu ...

Verizon Communications Inc. (VZ) reported healthy fourth-quarter 2023 results with the top and bottom lines beating the respective Zacks Consensus Estimate. The telecom giant is witnessing significant 5G adoption and wireless traction. Strong demand for fixed wireless products also led to healthy broadband performance with total broadband net additions of 413,000, including 375,000 fixed wireless net additions.Verizon witnessed solid momentum in the wireless business with 449,000 total postpaid phone net ad ...

For the quarter ended December 2023, Verizon Communications (VZ) reported revenue of $35.13 billion, down 0.3% over the same period last year. EPS came in at $1.08, compared to $1.19 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $34.82 billion, representing a surprise of +0.90%. The company delivered an EPS surprise of +0.93%, with the consensus EPS estimate being $1.07.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

Key TakeawaysVerizon swung to a loss of $2.57 billion or 64 cents a diluted share in the fourth quarter of 2023.The company's earnings were dragged down by a $7.8 billion loss on account of special items.Revenue of $35.1 billion was better than expected, but lower compared to $35.25 billion for the same period last year.Verizon's (VZ) fourth quarter earnings were dragged into the red due to a $7.8 billion loss on special items despite posting better-than-expected revenue. The company's shares were up a litt ...

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 ...

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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 ...