Verizon Communications (VZ) Misses Q4 EPS by 1c, Offers Outlook
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Verizon ends 2019 with highest 4Q wireless adds in six years, increased cash flow and revenue growth
January 30, 2020 7:01 AM EST4Q 2019 highlights
Consolidated:
$1.23 in earnings per share (EPS), compared with $0.47 in 4Q 2018; adjusted EPS (non-GAAP), excluding special items, of $1.13, compared with $1.12 in 4Q 2018.Operating revenue growth of 1.4 percent from fourth-quarter 2018.Consumer:
Total revenue of $24.2 billion, an increase of 2.0 percent year over year.852,000 retail postpaid net additions, including 588,000 phone net additions, up 12.6 percent year over year, and 723,000 postpaid smartphone net additions.Total retail postpaid churn of 1.09 percent, and retail postpaid phone churn of 0.83 percent.35,000 Fios Internet net... More