VZ - Verizon's Q4 Performance Shines: Substantial Wireless Gains Boost Stock | Benzinga
Verizon Communications Inc (NYSE:VZ) stock traded higher Tuesday after it reported fourth-quarter FY23 results.
It clocked a sales decline of 0.3% year-on-year to $35.13 billion, beating the consensus of $34.64 billion. Adjusted EPS of $1.08 beat the consensus of $1.07.
Total wireless service revenue was $19.4 billion, up 3.2% Y/Y, reflecting the company’s ownership of TracFone, premium Unlimited strategy, and pricing actions. Postpaid phone net additions were 449,000, and retail postpaid net additions were 1,460,000.
The quarter marked 413,000 ...