Verizon Communications (VZ) Misses Q1 EPS by 1c
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Verizon 1Q results highlighted by strong wireless customer loyalty, network investment and growth in new markets
April 20, 2017 7:30 AM EDTNEW YORK, April 20, 2017 /PRNewswire/ --
1Q 2017 highlights
Consolidated: 84 cents in earnings per share (EPS) and adjusted EPS (non-GAAP) of 95 cents, excluding non-operational items, compared with EPS of $1.06 in 1Q 2016. Wireless: Retail postpaid churn of 1.15 percent, with strong customer loyalty demonstrated by retail postpaid phone churn of less than 0.90 percent for the eighth consecutive quarter; intra-quarter improvement in net additions following the launch of Verizon Unlimited. Wireline: Fios total revenue growth of 4.7 percent.Verizon Communications Inc. (NYSE, Nasdaq: VZ) today reported first-quarter 2017 results... More
