Verizon (VZ) Tops Q4 Earnings Estimates on Wireless Traction

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 ...