FX.co ★ Verizon Communications Q4 Earnings Summary

Verizon Communications (VZ) reported its earnings highlights for the fourth quarter as follows:

- **Earnings:** The company posted a profit of $5.114 billion in Q4, a substantial improvement from the loss of $2.573 billion encountered in the same timeframe the previous year.

- **Earnings Per Share (EPS):** The EPS stood at $1.18 for Q4, compared to a loss of $0.64 per share in the prior year’s corresponding quarter. On an adjusted basis, when excluding certain items, Verizon's earnings were $1.10 per share for this period.

- **Revenue:** Total revenue for Q4 increased to $35.681 billion, up from $35.130 billion in the previous year's fourth quarter.

Analysts had anticipated earnings of $1.10 per share.