Verizon Communications, Inc. (VZ) Reports In-Line Q2 EPS
Get Alerts VZ Hot Sheet
Price: $39.78 +0.03%
EPS Growth %: -6.7%
Financial Fact:
Equity in earnings of unconsolidated businesses: -23M
Today's EPS Names:
CPSS, HARL, MCET, More
EPS Growth %: -6.7%
Financial Fact:
Equity in earnings of unconsolidated businesses: -23M
Today's EPS Names:
CPSS, HARL, MCET, More
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Revs in the same period last year were $28.55 billion, with adjusted EPS of $0.64.
Wireless Highlights
* 8.3 percent year-over-year increase in service revenues in 2Q 2013; 7.8 percent increase in retail service revenues; 32.4 percent operating income margin and 49.8 percent segment EBITDA margin on service revenues (non-GAAP).
* 941,000 retail postpaid net additions, up 6 percent year over year; low retail postpaid churn of 0.93 percent; 100.1 million total retail connections, 94.3 million total retail postpaid connections.
* Smartphones now make up 64 percent of postpaid subs.
* Retail connections at 100.1 million, 94.3 million are postpaid
* Retail postpaid churn was 0.93 percent in the second quarter, up 9 basis points year over year. Retail churn was 1.23 percent in the second quarter, up 12 basis points year over year.
Wireline highlights
* Consumer revs up 4.7 percent to $3.6 billion
* ARPU up 9.4 percent to $109.67
* FiOS revs rse 14.7 percent to $2.7 billion
* Addition of net 161,000 new FiOS Internet and 140,000 FiOS Video connections
For earnings history and earnings-related data on Verizon Communications, Inc. (VZ) click here.
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