Strong wireless profitability and customer loyalty, renewed Fios growth highlight Verizon's 3Q results
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October 21, 2016 9:10 AM EDT
FBR Capital reiterated an Outperform rating and $57.00 price target on Verizon Communications (NYSE: VZ) following the company's 3Q earnings report. Consolidated revenue of $30.9B was below the consensus of $31.0B, driven primarily by a 3.9% YOY decline in wireless revenue and a 2.3% YOY decline in wireline revenue. Adjusted EPS of $1.01 was ahead of the consensus estimate of $0.99.
Analyst David Dixon commented, "Weaker macroeconomic conditions and an... More
October 20, 2016 7:31 AM EDT
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...
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