Verizon Communications (VZ) Tops Q4 EPS by 4c, Guides Modestly Above for FY21

Verizon Communications (NYSE: VZ) reported Q4 EPS of $1.21, $0.04 better than the analyst estimate of $1.17. Revenue for the quarter came in at $34.7 billion versus the consensus estimate of $34.43 billion.

Verizon finished the fourth quarter with strong financial performance," said Verizon Chairman and CEO Hans Vestberg. "2020 was marked by transformational change, including the launch of our 5G nationwide network. We witnessed a mass shift toward virtual collaboration, touchless retail and delivery, remote work, distance learning, and telemedicine. We continued to execute our multi-use network strategy; we were recognized by RootMetrics as the best overall wireless provider, undefeated in all categories; and we continue to be the partner of choice for the world’s most innovative brands. Today, we are excited to lead technological advances beyond mobile devices, and create new opportunities for growth across multiple industries."

GUIDANCE:

Verizon Communications sees FY2021 EPS of $5.00-$5.15, versus the consensus of $4.98.

For earnings history and earnings-related data on Verizon Communications (VZ) click here.

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