Verizon Communications (VZ) Tops Q3 EPS by 2c, Misses on Revenue; Offers Guidance

Verizon Communications (NYSE: VZ) reported Q3 EPS of $1.21, $0.02 better than the analyst estimate of $1.19. Revenue for the quarter came in at $33.8 billion versus the consensus estimate of $34.2 billion.

The company does not provide a reconciliation for certain of the following adjusted (non-GAAP) forecasts because it cannot, without unreasonable effort, predict the special items that could arise, and the company is unable to address the probable significance of the unavailable information.
Verizon remains confident in its previously updated guidance for the full year:
•Total wireless service revenue1 growth of 2.0 percent to 2.8 percent.
•Adjusted EBITDA2 growth of 2.5 percent to 3.5 percent.
•Adjusted EPS2 growth of 1.0 percent to 3.0 percent.
•Cash flow from operations of $37.0 billion to $39.0 billion.
•Free cash flow2 of $19.5 billion to $20.5 billion.

For earnings history and earnings-related data on Verizon Communications (VZ) click here.

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