Verizon Communications (VZ) Tops Q4 EPS by 4c, Guides Modestly Above for FY21
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Verizon ends 2020 with strong earnings and cash flow, and increased wireless service revenue growth
January 26, 2021 7:00 AM ESTCompany's execution of strategy and resilient 4Q and 2020 performance lead to momentum and optimism for 2021
4Q 2020 highlightsÂ
Consolidated:
$1.11 in earnings per share (EPS), compared with $1.23 in 4Q 2019; adjusted EPS (non-GAAP), excluding special items, of $1.21, compared with $1.13 in 4Q 2019.Operating revenue decline of 0.2 percent from fourth-quarter 2019.Net income of $4.7 billion, a decline of 9.6 percent from fourth-quarter 2019, and adjusted EBITDA (non-GAAP) of $11.7 billion, an increase of 5.3 percent from fourth-quarter 2019.Consumer:
Total revenue of $23.9 billion, a decrease of... More