Market Overview

UPDATE: Verizon Swings To Q4 Profit

Related VZ
Get Paid To Play Defense With This Dividend ETF
Benzinga's M&A Chatter for Tuesday February 9, 2016
Verizon: Yahoo Vulture Or White Night Bearing AOL Synergies? (Investor's Business Daily)

Verizon Communications (NYSE: VZ) swung to a profit in the fourth quarter.

Verizon posted a quarterly profit of $5.07 billion, or $1.76 per share, versus a year-ago loss of $4.23 billion, or $1.48 per share. Its adjusted earnings climbed to $0.66 per share from $0.38 per share.

Its revenue surged to $31.07 billion from $30.05 billion. However, analysts were estimating earnings of $0.62 per share on revenue of $31.04 billion.

Verizon shares closed at $48.35 on Friday.

Posted-In: profitEarnings News


Related Articles (VZ)

View Comments and Join the Discussion!

Get Benzinga's Newsletters