Verizon beats by $0.04, reports revs in-line
Reports Q4 (Dec) earnings of $0.66 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus Estimate of $0.62; revenues rose 3.4% year/year to $31.07 bln vs the $31.04 bln consensus.
Wireless
Wireless
- 8.0 percent year-over-year increase in service revenues in 4Q 2013;
- 7.5 percent year-over-year increase in retail service revenues;
- 29.5 percent operating income margin and 47.0 percent segment EBITDA margin on service revenues (non-GAAP).
- 1.7 million retail net additions, excluding acquisitions and adjustments;
- 1.6 million retail postpaid net additions;
- low retail postpaid churn of 0.96 percent;
- 102.8 million total retail connections, 96.8 million total retail postpaid connections.
- 6.4 percent year-over-year increase in consumer revenues;
- consumer ARPU (average revenue per user) up 10.8 percent year over year.
- 15.6 percent year-over-year increase in FiOS revenues;
- 126,000 FiOS Internet and 92,000 FiOS Video net additions, with continued increased sales penetration for both services.