Verizon Q4 2022 Report Sees YoY Revenue Increase but Declines in Adjusted Share Earnings
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Telecom giant Verizon saw a 3.5% revenue in Q4 2022 even as the company struggled with dwindling 5G equipment sales. Verizon Communications (NYSE: VZ) recently posted its Q4 2022 earnings report, which met adjusted earnings estimates but missed the 2023 earnings outlook. On Tuesday, the American multinational telecoms conglomerate reported $1.19 earnings per adjusted share. This figure, excluding items, represents a 10% year-over-year (YoY) decline. Verizon also reported Q4 2022 revenue as $35.3 billion, marking a 3.5% rise from the $34.1 billion revenue the company realized a year earlier. Verizon’s stock also shot up amid expectations that more aggressive wireless promotions
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