Verizon Posts Q4 Loss On One-Time Charge Despite Revenue Beat

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 ...