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Verizon Communications Inc. Reports Q4 Loss; Matches EPS Estimates (VZ)

Before the opening bell on Thursday, Verizon Communications Inc. (VZ ) released its fourth quarter financial results. The company reported a loss for the quarter due to employee pensions and benefit expenses.

VZ’s Earnings in Brief

  • The company reported a net loss of $2.15 billion, or 54 cents per share, compared to net income of $7.92 billion, or $1.76 per share, a year ago.
  • Excluding special items, earnings were 71 cents per share, matching analysts’ view of 71 cents per share.
  • Revenue rose 6.8% to $33.19 billion from $31.07 billion last year. Analysts expected to see $32.69 billion in revenue.
  • Looking forward, VZ expects to see revenue growth of at least 4% in 2015.

VZ’s Dividend

Verizon will pay its next 55 cent dividend on February 2. The stock went ex-dividend on January 7. We expect the company to declare its next dividend in March.

Stock Performance

Shares of Verizon were down 45 cents, or 0.93% during premarket trading Thursday.

VZ Dividend Snapshot

As of market close on January 21, 2015

VZ dividend yield annual payout payout ratio dividend growth

Click here to see the complete history of VZ dividends.

The Bottom Line

Verizon Communications Inc. (VZ ) is recommended at this time, holding a DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.