Verizon Communications Q4 Sales $35.10B Beat $34.64B Estimate
Portfolio Pulse from Benzinga Newsdesk
Verizon Communications (NYSE:VZ) reported Q4 2023 earnings of $1.08 per share, slightly beating the consensus estimate of $1.07. Quarterly sales were $35.10 billion, surpassing the $34.64 billion estimate but marking a 0.43% decrease from the same period last year.
January 23, 2024 | 12:02 pm
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POSITIVE IMPACT
Verizon's Q4 earnings and sales exceeded analyst expectations, with a minor EPS beat and a slight revenue increase over estimates, despite a year-over-year decline.
Verizon's stock is likely to see a short-term positive impact due to the earnings and sales beat, which could instill investor confidence. However, the year-over-year sales decline may temper some of the positive sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100