Verizon's (VZ) fourth quarter earnings were 澳洲幸运5官方开奖结果体彩网:dragged into the red due to a $7.8 billion loss on special items despite posting better-than-expected revenue.ꦍ The company's share💝s were up a little over 3% in early trading.

The company reported a loss of $2.57 billion or 64 cents per diluted share for the quarter. The one-time loss comes as Verizon disclosed a 澳洲幸运5官方开奖结果体彩网:$5.8 billion goodwill impairment charge for its business reporting unit, and almost $992 million in mark-to-market adjustments to its pension and employee benefits programs, among other things. Exclu﷽ding these special items, the company's adjusted earnings per share would be $1.19.

Even prior to Verizon's disclosure of the goodwill charges and their potential impact on quarterly results, analyst consensus compiled by Visible Alpha forecast an earnings and revenue contraction.

"2023 was a year of change. We have the right assets and the best team in place and are well-positioned for growth in 2024," said Verizon Chair and CEO Hans Vestberg.