Verizon Communications Inc. (VZ) reported a year-on-year decline of 0.7% in its first-quarter adjusted earnings per share. Operating revenue increased 2.1% from last year. The company said its performance produced best broadband result in over a decade, a surge in upgrades and increased wireless service revenue growth.
On an adjusted basis, first-quarter EPS excluding special items, was $1.35, compared to $1.36, last year. On average, 18 analysts polled by Thomson Reuters expected the company to report profit per share of $1.34, for the quarter. Analysts' estimates typically exclude special items. Adjusted EBITDA was $12.0 billion, down 1.1 percent year over year.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com