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

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

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.

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.

It’s possible to find cards paying 1.5%, 2%, and even 5% cash back today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.

Verizon used the cash it retained to strengthen its balance sheet. It ended the year with a net leverage ratio of 2.3 times, down from 2.6 times at the end of 2023. That leverage level supports the company's solid investment-grade bond ratings (A-/BBB+/Baa1).

The spending is also key to hitting its goal of doubling subscribers for its fixed wireless service to as much as 9 million by 2028. The 2025 forecast followed a strong fourth quarter for subscriber growth as wireless additions hit a 5-year high thanks to its customizable myPlan,

Verizon Communications Inc. reported fourth-quarter financial results that beat analysts’ estimates, including gains in new mobile-phone and broadband customers.

Verizon expects 2025 adjusted profit to grow between 0% and 3%, with the midpoint coming in below analysts' estimates for growth of 2.7%, according to data compiled by LSEG.

U.S. stocks pulled back from their all-time high on Jan. 24 as they closed out a second straight winning week.

T-Mobile (TMUS) shares rise after beating Q4 earnings estimates and strong subscriber growth, with analysts predicting continued growth potential and market share gains in the future.

Comcast's revenue and profit rose last quarter, powered partly by the release of blockbuster movie "Wicked,” despite falling broadband customer numbers. Comcast lost 139,000 broadband customers in the quarter,