Verizon (VZ) Tops Q4 Earnings Estimates on Wireless Traction
Significant 5G adoption and wireless traction help Verizon (VZ) to beat fourth-quarter 2023 earnings estimates.
Compared to Estimates, Verizon (VZ) Q4 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Verizon (VZ) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compa...
Verizon Posts Q4 Loss On One-Time Charge Despite Revenue Beat
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 little over...
Verizon Communications (VZ) Tops Q4 Earnings and Revenue Estimates
Verizon Communications (VZ) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $1.19 per share a year ago.
Verizon results suffer poor performance in wireless equipment sales
The industry challenges faced by Verizon Communications Inc. (NYSE:VZ) were on display in today's full-year 2023 results presentation. The company's total operating revenue for the fourth quarter w...
Verizon earnings show wireless subscriber momentum, helping send stock higher
Shares of Verizon Communications Inc. were up 3% in premarket trading Tuesday after the telecommunications company showed momentum in its consumer wireless business in the latest quarter.
Verizon's Impairment Is A Long-Term Blip
Verizon faces challenges in a competitive and expensive market, with T-Mobile and AT&T as major competitors. The company has a substantial amount of debt and rising interest rates could impact shar...
Verizon Set to Report Declining Profits Despite Progress in Adding Subscribers
Verizon Communications' fourth-quarter profit likely declined by a third, analysts estimate, a decrease that does not include a planned $5.8 billion charge to reduce the reported value of its Veriz...
Verizon to report earnings January 23, 2024
NEW YORK, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) will report fourth-quarter 2023 earnings on Tuesday, January 23.
Verizon Takes $5.8 Billion Charge on Its Business Group's Outlook
Verizon Communications Inc. (VZ) shares declined Wednesday after the telecommunications giant said it would take a $5.8 billion charge in the fourth quarter to write down its Verizon Business Group.
Will Revenue Contraction Dent Verizon's (VZ) Q4 Earnings?
Verizon (VZ) is expected to have recorded lower aggregate revenues year over year in fourth-quarter 2023 despite healthy momentum in the core wireless business, owing to a challenging macroeconomic...
Verizon to Take a $5.8 Billion Charge. Businesses Just Aren't Using Landlines.
Verizon records a non-cash goodwill impairment charge of $5.8 billion to write down the value of its Business Group division.
Verizon to book $5.8B impairment charge for 4Q after review of Business unit
Verizon Communications Inc. (NYSE:VZ) said it will record a non-cash goodwill impairment charge of roughly $5.8 billion for Verizon Business Group due to “secular declines in wireless revenue” acro...
Verizon books $5.8 billion charge amid review of challenged segment
Verizon Communications Inc. has continued to face pressures in its business wireline operations, and it said Wednesday that it will be taking a roughly $5.8 billion impairment charge related to thi...
Verizon to incur $5.8 bln impairment charge in fourth quarter
Verizon Communications said on Wednesday that it would record a non-cash goodwill impairment charge of about $5.8 billion in the fourth quarter.
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