Verizon delivers continued earnings and operational growth in 1Q
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Verizon Communications (VZ) Reports In-Line Q1 EPS
April 21, 2016 7:25 AM EDTVerizon Communications (NYSE: VZ) reported Q1 EPS of $1.06, in-line with the analyst estimate of $1.06. Revenue for the quarter came in at $32.2 billion versus the consensus estimate of $32.49 billion.
Wireless highlights
Verizon reported 640,000 retail postpaid net additions in first-quarter 2016, a seasonally low-volume quarter. These net adds exclude all wholesale connections, including IoT. At the end of first-quarter 2016, Verizon had 112.6 million retail connections, a 3.7 percent year-over-year increase, and 107.2 million retail postpaid connections, a 4.4 percent year-over-year increase.Customer retention remained high, with retail postpaid churn at a low 0.96 percent in first-quarter 2016, a... More