Verizon Communications (VZ) Tops Q4 EPS by 3c, Revenues Miss; Provides FY19 Outlook
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Needham Starts NeoVolta (NEOV) at Buy
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Strong wireless customer growth and loyalty highlight Verizon’s 4Q results
January 29, 2019 7:00 AM EST4Q 2018 highlights
Consolidated:
47 cents in earnings per share (EPS), compared with $4.56 in 4Q 2017; adjusted EPS (non-GAAP), excluding special items, of $1.12, compared with 86 cents in 4Q 2017.Wireless:
1.2 million retail postpaid net additions, including 653,000 phone net additions and 873,000 postpaid smartphone net additions.Retail postpaid churn of 1.08 percent, and retail postpaid phone churn of 0.82 percent.Service revenue growth of 1.9 percent year over year, excluding the impact of the revenue recognition standard adopted on Jan. 1, 2018.Total revenue growth of 2.1 percent year... More