The New York telecommunications giant’s quarterly earnings beat Wall Street forecasts as higher prices helped to boost revenue.

Verizon Communications earnings surpassed Wall Street’s expectations as higher prices for the company’s mobile plans helped its wireless service business make more money than a year ago.Verizon reported adjusted earnings of $1.

Verizon ( VZ 1.14%) stock is climbing Friday following the company's fourth-quarter earnings release. The telecom company's share price was up 1.3% as of 12:15 p.m. ET and had been up as much as 3.9% earlier in the daily session.

Verizon Communications' quarterly earnings came in just above Wall Street forecasts -- with higher prices helping boost revenue -- as more customers than expected signed up for wireless phone service. That is up from 449,000 a year earlier and beat analyst estimates for 488,300 additions.

U.S. stock futures showed small losses due to tariff concerns stirred by President Trump's trade policies. Boeing and Verizon shares fell due to forecasts of higher losses and lower profits, respectively.

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On a per-share basis, the New York-based company said it had net income of $1.18. Earnings, adjusted for severance gains, came to $1.10 per share. The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share.

Although the revenue and EPS for Verizon (VZ) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

In its upcoming report, Verizon Communications (VZ) is predicted by Wall Street analysts to post quarterly earnings of $1.09 per share, reflecting an increase of 0.9% compared to the same period ...

ET, the Dow Jones Industrial Average fell 0.12 per cent, the S&P 500 gained 0.01 per cent, the Nasdaq Composite lost 0.03 per cent

Verizon Communications on Friday reported its best quarterly wireless subscriber growth in five years, fueled by robust demand for its customizable myPlan, Black Friday deals and trade-in offers for the AI-powered iPhone 16 series.