Verizon Communications (VZ) Tops Q4 EPS by 3c, Revenues Miss; Provides FY19 Outlook
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Strong wireless customer growth and loyalty highlight Verizon’s 4Q results
January 29, 2019 7:00 AM EST4Q 2018 highlights
Consolidated:
47 cents in earnings per share (EPS), compared with $4.56 in 4Q 2017; adjusted EPS (non-GAAP), excluding special items, of $1.12, compared with 86 cents in 4Q 2017.Wireless:
1.2 million retail postpaid net additions, including 653,000 phone net additions and 873,000 postpaid smartphone net additions.Retail postpaid churn of 1.08 percent, and retail postpaid phone churn of 0.82 percent.Service revenue growth of 1.9 percent year over year, excluding the impact of the revenue recognition standard adopted on Jan. 1, 2018.Total revenue growth of 2.1 percent year... More