Verizon Communications (VZ) Misses Q4 EPS by 3c
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Verizon grows its strong customer base profitably in 4Q
January 24, 2017 7:00 AM ESTNEW YORK, Jan. 24, 2017 /PRNewswire/ --
4Q 2016 highlights
Consolidated: $1.10 in earnings per share (EPS); adjusted EPS (non-GAAP) of 86 cents, excluding non-operational items related to mark-to-market pension and benefits adjustments and severance-related costs. Wireless: 591,000 retail postpaid net additions, including 552,000 new 4G LTE smartphones; retail postpaid churn at 1.10 percent, with strong customer loyalty demonstrated by retail postpaid phone churn of less than 0.90 percent for the seventh consecutive quarter. Wireline: 68,000 Fios Internet net additions, 21,000 Fios Video net additions; Fios total revenue growth of 4.4 percent.... More