Verizon Earnings Focus

Benzinga

Verizon resolved a nationwide outage and will issue $20 credits to affected customers, with potential multi-billion-dollar impact as investors watch upcoming earnings.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Verizon Communications suffered a nationwide outage in the United States on Wednesday

00:06that disrupted text, voice, and data services for hours

00:10and triggered customer complaints, according to Benzinga.

00:14Verizon said it resolved the outage on Wednesday night

00:17and will provide affected customers with a $20 account credit

00:20that covers multiple days of service and acknowledges their time.

00:25Verizon has more than 140 million U.S. customers,

00:28which could result in credits exceeding $2.8 billion if all qualify,

00:33with business customers contacted separately.

00:35The financial impact of the outage is expected to affect Verizon's first quarter,

00:40with investors watching whether the company discloses the cost separately

00:43or only through its guidance.

00:45Analysts expect revenue of $36.06 billion and earnings per share of $1.06.

00:52The company will report fourth quarter results on January 30th.

00:55For all things money, visit Benzinga.com.

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