Verizon to Widen 5G Rollout After Fourth-Quarter Earnings Beat

Verizon Communications (NYSE: VZ) is set to double down on its commitment to 5G, the hot mobile technology of the moment, the company said in its fourth-quarter earnings report published on Tuesday.

For the quarter, the telecom giant's revenue saw a slight decline, to $34.69 billion from the year-ago result of $34.78 billion. The bottom line suffered a steeper fall, dropping to just under $4.72 billion, or $1.11 per share, against $5.22 billion a year ago. On an adjusted basis, however, that per-share figure rose to $1.21 from the latter period's $1.13.

Verizon's net wireless postpaid phone-subscriber additions came in at roughly 279,000.

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Source Fool.com