Verizon reported earnings of 71 cents a share for the fourth quarter, below analysts' estimates of 73 cents a share. Revenue grew 6.9% year over year for the telecom to $33.2 billion for the quarter, compared to analysts' estimates of $32.69 billion.
The telecom added 2.1 million net retail wireless connections in the fourth quarter, 2 million of which were postpaid subscribers. The company reported a total of 102.1 million postpaid subscribers at the end of the quarter. Wireless revenue fell 1.6% to $9.6 billion in the quarter despite the added postpaid subscribers.
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TheStreet Ratings team rates VERIZON COMMUNICATIONS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate VERIZON COMMUNICATIONS INC (VZ) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, compelling growth in net income, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."
You can view the full analysis from the report here: VZ Ratings Report