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Verizon earnings show wireless subscriber momentum, helping send stock higher
VerizonVerizon(US:VZ) Market Watch·2024-01-23 20:21

Shares of Verizon Communications Inc. were up 3% in premarket trading Tuesday after the telecommunications company showed momentum in its consumer wireless business in the latest quarter. The wireless giant posted a fourth-quarter net loss of 2.6billion,or64centsashare,comparedwith2.6 billion, or 64 cents a share, compared with 6.7 billion, or 1.56ashare,intheyearearlierquarter.VerizonVZ,+0.641.56 a share, in the year-earlier quarter. Verizon VZ, +0.64% previously disclosed that it would take a 5.8 billion noncash goodwill impairment charge for the fourth quarter following a five-year plann ...