Key takeaways
- Verizon met analysts’ expectations for adjusted earnings per share and revenue
- Verizon was able to add a large number of new wireless subscribers in the fourth quarter, though the company has not grown as fast as some of its competitors
- No total revenue forecast was made for 2023, which could signal worries of a volatile next year
Verizon Communications (VZ) reported fourth-quarter results on Tuesday. The company met estimates but disappointed Wall Street with the 2023 earnings outlook. Verizon stock ended the day 1.99% higher at $40.42 at the closing bell. The stock has been down by around 21% in the past year but still pays dividends to shareholders.
Here’s a look at the numbers, and how investing with AI can help you navigate the markets after earnings reports.
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