Verizon Communications (VZ) Misses Q4 EPS by 1c, Offers Outlook

Verizon Communications (NYSE: VZ) reported Q4 EPS of $1.13, $0.01 worse than the analyst estimate of $1.14. Revenue for the quarter came in at $34.8 billion versus the consensus estimate of $34.6 billion.

Outlook and guidance:

For 2020, Verizon expects the following:

• Adjusted EPS growth (non-GAAP) of 2 to 4 percent.
• Low-to-mid single-digit percentage growth in consolidated revenues compared to full-year 2019.
• Capital spending to be in the range of $17 billion to $18 billion, including the expansion of 5G in new and existing markets, the densification of 4G, and the continuation of the fiber build-out.
• Adjusted effective income tax rate (non-GAAP) in the range of 23 percent to 25 percent.

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

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