Verizon Communications (VZ) reported their Q4r earnings beating market estimates recently. Verizon reported an adjusted EPS of $1.21 excluding items and revenue dropped 0.2% to $34.7 billion, for the quarter ending December 31.
Verizon Media revenue increased by 11.4% to $2.3 billion on better-than-expected advertising growth. Wireless service revenue rose 2.2% to $16.7 billion versus analyst estimates of $16.62 billion. Verizon added 279,000 postpaid wireless phone subscribers vs. analyst estimates for a 561,000 gain. Its consumer unit revenue dropped 1.2% to $23.9 billion. Business unit revenue also slipped 0.3% to $8.13 billion.
The telecom giant expects its full-year adjusted per-share earnings in a range of $5 to $5.15 per share for 2021. It Forecasts revenue growth of at least 2%, including wireless service revenue growth of at least 3%. Analysts estimated 2021 earnings of $4.98 a share with revenue growth of 2.9%.
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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