Verizon Communications (VZ) Tops Q3 EPS by 2c

October 20, 2016 7:31 AM EDT

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Verizon Communications (NYSE: VZ) reported Q3 EPS of $1.01, $0.02 better than the analyst estimate of $0.99. Revenue for the quarter came in at $30.9 billion versus the consensus estimate of $31.08 billion.

  • Wireless: 442,000 retail postpaid net additions, including 357,000 new 4G LTE smartphones.
  • Wireline: 90,000 Fios Internet net additions, 36,000 Fios Video net additions.

"Verizon continues to deliver strong financial and operational results in highly competitive markets while positioning itself for future growth," said Chairman and CEO Lowell McAdam. "While we transform our company in a challenging environment, we have maintained the financial flexibility to invest in our industry-leading networks to better serve customers, add scale to bring innovation to the mobile media and Internet of Things (IoT) markets, and increase dividends for a 10th consecutive year."

For earnings history and earnings-related data on Verizon Communications (VZ) click here.

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