Verizon Communications (VZ) Reports In-Line Q4 EPS, FY23 EPS Guidance Misses

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Strong wireless service revenue growth highlights Verizon's 4Q and 2022 results

January 24, 2023 7:00 AM EST

2022 highlights

Consolidated:

Full-year 2022 earnings per share (EPS) of $5.06, compared with $5.32 in 2021; adjusted EPS1, excluding special items, of $5.18, compared with 2021 adjusted EPS1 2 of $5.50.Total operating revenue of $136.8 billion in full-year 2022, up 2.4 percent year over year.

4Q 2022 highlights

Consolidated:

$1.56 in EPS, compared with $1.11 in fourth-quarter 2021; adjusted EPS1, excluding special items, of $1.19, compared with $1.33 in fourth-quarter 20212.Total operating revenue of $35.3 billion, an increase of 3.5 percent from fourth-quarter 2021.Net income of $6.7 billion, an increase of 41.4... More