Verzion this morning reported adjusted fourth quarter earnings of 86 cents per share, on revenue of $32.3 billion.
On the earnings side, that falls short of what Wall Street analysts had expected — EPS of 89 cents per share and $32.1 billion in revenue. That also marks a 5.6 percent revenue decline from the fourth quarter of 2015.
Verizon said it added 591,000 postpaid wireless subscribers during Q4, compared to the 726,000 predicted by analysts .
“We are positioning Verizon for future growth and continued sustainable shareholder value,” said Chairman and CEO Lowell McAdam in the earnings release. “In the fourth quarter we expanded our customer base in highly competitive wireless and broadband markets.
