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 ...

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 ...