Verizon: Fourth Quarter Earnings Overview

Verizon Reports Strong Fourth-Quarter Results

Verizon Communications Inc., headquartered in New York, announced that its net income for the fourth quarter reached $2.34 billion.

The company earned 55 cents per share in net income, while adjusted earnings—excluding severance and one-time expenses—were $1.09 per share.

These figures exceeded analysts’ expectations, as the consensus from nine Zacks Investment Research analysts predicted earnings of $1.06 per share.

Verizon, the nation’s largest wireless provider, also reported quarterly revenue of $36.38 billion, surpassing the $35.94 billion anticipated by eight Zacks analysts.

For the full year, Verizon posted a profit of $17.17 billion, or $4.06 per share, with total revenue amounting to $138.19 billion.

Sources and Further Information

This article was created by Automated Insights using financial data from Zacks Investment Research.