VZ Stock: Verizon Earnings Guidance Misses Estimates Amid Consumer Wireless Struggles

Verizon Communications (VZ) on Tuesday reported fourth-quarter adjusted earnings that met estimates, but its 2023 earnings outlook missed. VZ stock fell amid expectations that more aggressive wireless promotions, mainly smartphone subsidies, will impact 2023 profit.




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For the December quarter, Verizon earnings were $1.19 an adjusted share, down 10% from a year earlier, excluding items. Revenue rose 3.5% to $35.3 billion.

A year earlier, Verizon earned $1.31 a share on revenue of…

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