Verizon Communications (VZ) Tops Q3 EPS by 3c
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As 5G era begins, Verizon continues strong momentum in 3Q
October 23, 2018 7:25 AM EDT3Q 2018 highlights
Consolidated:
$1.19 in earnings per share (EPS), compared with 89 cents in 3Q 2017; adjusted EPS (non-GAAP), excluding special items, of $1.22, compared with 98 cents in 3Q 2017.Year-to-date operating cash flow of $26.2 billion, an increase of $9.8 billion year over year and total debt reduction of $4.2 billion.Wireless:
515,000 retail postpaid net additions, including 510,000 postpaid smartphone net adds.Strong customer loyalty, with retail postpaid phone churn at 0.80 percent.Total revenue growth of 6.1 percent year over year, excluding the impact of the revenue recognition standard adopted on... More