Verizon Communications (VZ) Tops Q1 EPS by 6c
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Verizon begins 2018 with strong momentum
April 24, 2018 7:25 AM EDT1Q 2018 highlights
Consolidated:
$1.11 in earnings per share (EPS), compared with 84 cents in 1Q 2017; adjusted EPS (non-GAAP), excluding special items, of $1.17, compared with 95 cents in 1Q 2017.Total consolidated revenue growth of 6.6 percent, or 3.2 percent on an adjusted basis (non-GAAP).Wireless:
260,000 retail postpaid net additions, including 220,000 postpaid smartphone net adds.Strong customer loyalty with 0.80 percent retail postpaid phone churn, the fourth consecutive period of customer retention at 0.80 percent or better.Total revenue growth of 4.7 percent, excluding the impact of the revenue recognition... More