Verizon Stock Rises After Earnings Beat. Those Price Hikes Are Paying Off.
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 $1.10 a share as revenue increased 1.6% from the fourth quarter of 2023 to $35.7 billion. Analysts were forecasting earnings of $1.09 a share on revenue of $35.3 billion, according to FactSet data.