Verizon at the conference
Verizon Communications (VZ), the largest wireless service provider in the United States (SPY), reported stronger-than-expected 3Q17 earnings, with its wireless business rebounding to show another solid quarter of customer growth in an intensely competitive environment. But the telecom company’s adjusted EPS (earnings per share) fell ~3.0% YoY (year-over-year) to reach $0.98 in 3Q17.
During the UBS Global Media and Communications Conference on December 5, 2017, Matthew Ellis, Verizon’s CFO (chief financial officer), talked about Verizon’s top priorities for 2018, stating that VZ’s 2018 priorities would include investments in the network, building out ecosystems for 5G, and continuing the momentum in wireless—starting with a $10-billion cost-cutting initiative.
Wall Street analysts’ expect Verizon’s adjusted EPS to fall ~2.8% YoY to reach ~$3.76 in 2017, compared with $3.87 in 2016.