Verizon Communications (VZ) Tops Q2 EPS by 2c
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Verizon reports 2Q results, reflecting continued strong operations while advancing key strategic and financial initiatives
July 26, 2016 7:01 AM EDTNEW YORK, July 26, 2016 /PRNewswire/ --
2Q 2016 highlights
Consolidated: 17 cents in earnings per share (EPS); adjusted EPS (non-GAAP) of 94 cents, excluding significant non-operational items related to pension and benefit re-measurements and early debt redemption and tender offers, and a gain on sale of local landline businesses. Wireless: 615,000 retail postpaid net additions; continued low 0.94 percent retail postpaid churn. Wireline: 3.7 percent Fios revenue growth; $500 million in anticipated cash savings over the term of new labor contracts.Verizon Communications Inc. (NYSE, Nasdaq: VZ) today reported... More
