nearly 1 million new customers in the period<\/a><\/span>.<\/p>\nVerizon posted a fourth-quarter loss of $2.23 billion, or 54 cents a share, compared with a year-ago profit of $5.07 billion, or $1.77 a share.<\/p>\n
Results were hampered by one-time charges related to pensions and debt. Adjusted earnings were 71 cents a share, while revenue rose 6.8 percent to $33.19 billion.<\/p>\n
Analysts, on average, had forecast earnings of 71 cents a share and revenue of $32.7 billion, according to Thomson Reuters.<\/p>\n
On the landline side, the company added 387,000 net new Fios TV customers and 544,000 net new Fios Internet customers, both declines from a year ago. The Fios gains also slightly offset broader declines in voice and Internet connections.<\/p>\n
For the full year, Verizon said it expects revenue growth of at least 4 percent and sustained levels of earnings before interest, taxes, depreciation and amortization. It also expects to invest $17.5 billion to $18 billion in capital expenditures.<\/p>\n
Updated at 6:34 a.m. PT: <\/strong>To include executive and analyst comments.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"Verizon is finally feeling the heat. Verizon said three out of four smartphone upgrades came from a basic phone user or high-value customers. Verizon After shrugging off multiple quarters of competitive pressure from rivals, the nation’s largest wireless carrier by subscribers finally succumbed a bit to the myriad of promotional offers that launched during the […]<\/p>\n","protected":false},"author":229,"featured_media":48112,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3114],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/1800birks4u.com\/wp-json\/wp\/v2\/posts\/48112"}],"collection":[{"href":"https:\/\/1800birks4u.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1800birks4u.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1800birks4u.com\/wp-json\/wp\/v2\/users\/229"}],"replies":[{"embeddable":true,"href":"https:\/\/1800birks4u.com\/wp-json\/wp\/v2\/comments?post=48112"}],"version-history":[{"count":0,"href":"https:\/\/1800birks4u.com\/wp-json\/wp\/v2\/posts\/48112\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/1800birks4u.com\/wp-json\/wp\/v2\/posts\/48112"}],"wp:attachment":[{"href":"https:\/\/1800birks4u.com\/wp-json\/wp\/v2\/media?parent=48112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1800birks4u.com\/wp-json\/wp\/v2\/categories?post=48112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1800birks4u.com\/wp-json\/wp\/v2\/tags?post=48112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}