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Verizon (VZ) Surges 11.8% as Earnings, Outlook Impress
Yahoo Finance· 2026-01-31 04:20
Group 1 - Verizon Communications Inc. experienced a significant stock increase of 11.82 percent, closing at $44.52, driven by a positive outlook for 2026 and strong earnings performance from the previous year [1] - The company set ambitious targets for retail postpaid phone net additions, aiming for between 750,000 and 1 million in 2025, which is 2 to 3 times higher than the previous year [2] - Total mobility and broadband service revenues are expected to grow by 2 to 3 percent, reaching approximately $93 billion [3] Group 2 - In 2024, Verizon's attributable net income decreased by 1.9 percent to $17.17 billion, while revenues increased by 2.5 percent to $138.19 billion [3] - For the fourth quarter of 2024, attributable net income fell by 53.2 percent to $2.34 billion, with revenues rising by 2 percent to $36.38 billion [4] - The company reported postpaid phone net additions of 616,000 for the fourth quarter, marking a 22 percent increase from the previous year and the best quarter for this segment since 2019 [4]