Verizon Tops Q4 Estimates as Wireless Subscribers Rise

Verizon Communications (VZ) reported better-than-expected fourth-quarter results Friday morning as the number of wireless subscribers rose. Verizon reported consolidated net income of $5.11 billion, or $1.18 per share, on $35.68 billion in revenue. Analysts polled by Visible Alpha expected profit of $4.74 billion, or $1.09 per share, on $35.36 billion in revenue. In the year-ago quarter, Verizon recorded a net loss of $0.64 per share because of a $7.8 billion loss on special items, including a $5.8 billion ...