Verizon Communications (VZ) Tops Q1 EPS by 3c; Provides Updated FY20 Financial Outlook
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Verizon begins 2020 with strong earnings and cash flow from focused strategic execution
April 24, 2020 7:30 AM EDT1Q 2020 highlights
Consolidated:
$1.00 in earnings per share (EPS), compared with $1.22 in 1Q 2019; adjusted EPS (non-GAAP), excluding special items, of $1.26, compared with $1.20 in 1Q 2019.Operating revenue decline of 1.6 percent from first-quarter 2019.Cash flow from operations of $8.8 billion, an increase of $1.7 billion from first-quarter 2019.Consumer:
Total revenue of $21.8 billion, a decrease of 1.7 percent year over year.525,000 retail postpaid net losses, including 307,000 phone net losses and 167,000 postpaid smartphone net losses.Total retail postpaid churn of 1.01 percent, and retail... More