Verizon Q4 2014 Earnings Meet Expectations

Verizon Q4 2014 Earnings Meet Expectations (YahooFinance)

About one year ago today, Verizon announced that due to pension expenses and costs associated with Hurricane Sandy, it would post a $1.93 billion loss for the fourth quarter. It is a little surprising how things change in a year.  Verizon just reported Q4 net income of $31.07 billion (earnings of 66 cents per share), compared to Q4 2012 results of $30 billion in net income (earnings of 45 cents a share). These results were in line with analysts’ expectations. Net income for the quarter totaled $7.9 billion, while the company reported adding 1.7 new wireless subscribers, as well. That brings the total number of Verizon subscribers to 102.8 million. Nice rebound Verizon, now what do you have in store for 2014?

Wayne Ellis

Wayne Ellis has been involved in the financial publishing industry for more than 15 years. During that time, he has helped to edit, to market and to launch products and services for Ernst & Young, LLC, Fidelity Investments, Agora, LLC, and Eagle Financial Publications. He currently puts his broad-based experience and industry expertise to use as a contributing writer for Eagle Financial Publications. He also is a graduate of Arizona State University.

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