Market Overview

UPDATE: Verizon Posts Rise In Q4 Revenue

Share:
Related VZ
Oracle's $14 Billion Corporate Bond Offering Is Big, But These 5 Deals Were Bigger
Verizon And Samsung Launch 4G LTE Network Extender For Businesses And Homes
MicroCaps Seriously The Last Frontier (Marketfy Insights)

Verizon Communications (NYSE: VZ) posted a wider fourth-quarter loss.

Verizon posted a quarterly loss of $4.23 billion, or $1.48 per share, versus a year-ago loss of $2.02 billion, or $0.71 per share. Excluding items, Verizon's adjusted earnings came in at $0.38 per share.

Its revenue climbed 5.7% to $30.05 billion. However, analysts were expecting earnings of $0.50 per share on revenue of $29.83 billion.

Verizon shares closed at $42.54 on Friday.

Posted-In: lossEarnings News

 

Related Articles (VZ)

View Comments and Join the Discussion!