Verizon Communications (VZ) Tops Q2 EPS by 6c
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Verizon ends first-half 2018 with strong operating results
July 24, 2018 7:25 AM EDT2Q 2018 highlights
Consolidated:
$1.00 in earnings per share (EPS), compared with $1.07 in 2Q 2017; adjusted EPS (non-GAAP), excluding special items, of $1.20, compared with 96 cents in 2Q 2017.Total consolidated revenue growth of 5.4 percent year over year, or 2.6 percent on an adjusted basis (non-GAAP).Wireless:
531,000 retail postpaid net additions, including 398,000 postpaid smartphone net adds.Strong customer loyalty with 0.75 percent retail postpaid phone churn, the fifth consecutive period of retail postpaid phone churn at 0.80 percent or better.Total revenue growth of 4.7 percent year over year,... More