>>> Verizon beats by $0.02, reports revs in-line; reaffirms expectation for full

Verizon beats by $0.02, reports revs in-line; reaffirms expectation for full year rev growth of at least 3%

  • Reports Q3 (Sep) earnings of $1.04 per share, $0.02 better than the Capital IQ Consensus of $1.02; revenues rose 5.0% year/year to $33.16 bln vs the $32.98 bln Capital IQ Consensus.
    • Reported 1.3 million net retail postpaid connections added in the quarter; low retail postpaid churn of 0.93 percent; 110.8 million total retail connections; 105.0 million total retail postpaid connections.
    • Wireless operating income margin was 33.3%, up from 31.9% in 3Q14.
  • Reaffirms expectation for consolidated revenue growth of at least 3% for full-year 2015, in-line with expectations.


Read more: http://www.briefing.com/InPlayEq/InPlay/InPlayDual.htm#ixzz3p6izsOH9


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