Telecom Giant, Verizon Communications, Inc. (VZ) released its Q4 earnings on Thursday declaring mixed results. It reported adjusted earnings of $1.13 a share, while revenue rose by 1.4% to $34.8 billion in comparison to analysts’ estimates of earnings of $1.14 a share and revenue of $34.52 billion for the quarter ending Dec. 31.
Verizon reported having added 790,000 postpaid wireless phone subscribers much ahead of estimates for 700,000. Its marketing deal with Walt Disney has boosted wireless subscriptions in which Disney is offering unlimited data plan subscribers with free access to Disney’s new video streaming service. Earnings before interest, taxes, depreciation, and amortization were $11.1 billion versus analysts’ estimate of $11.65 billion, as reported.
For 2020, Verizon expects adjusted per-share earnings growth in a range of 2% to 4% and foresees “low-to-mid single-digit percentage growth in consolidated revenues compared to full-year 2019.
Verizon Communications, Inc. (VZ) is a worldwide leader in delivering communications and technology solutions that improve the lives of its customers. To learn more about Verizon Communications, Inc. (VZ) and to track its progress please visit the Vista Partners Verizon Communications Inc. Coverage Page.
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