Verizon’s fourth-quarter results
Verizon Communications (VZ) reported its fourth-quarter results before the market bell on January 29. The company reported revenues of $34.3 billion, which missed analysts’ consensus estimate of $34.4 billion. However, Verizon’s revenues were higher on a year-over-year and sequential basis. In the fourth quarter of 2017, Verizon reported revenues of $34.0 billion. In the third quarter, Verizon reported revenues of $32.6 billion.
Verizon reported an adjusted EPS of $1.12 in the fourth quarter, which beat analysts’ estimates of $1.09. In the fourth quarter of 2017, Verizon reported an adjusted EPS of $0.86. In the third quarter, the company’s adjusted EPS reached $1.22. Analysts expect Verizon’s sales and adjusted EPS to be $132.2 billion and $4.73 in fiscal 2019.
In the fourth quarter, Verizon added a total of 653,000 postpaid phone net customers compared to 431,000 postpaid phone net subscriber additions in the fourth quarter of 2017. The company added 54,000 Fios Internet customers in the fourth quarter. However, Verizon saw a net loss of 46,000 Fios video customers.
Verizon’s stock price
Verizon stock fell 2.1% year-to-date but rose 0.6% in the trailing 12-month period. Verizon’s share price has decreased 3.5% in the last five trading days. In comparison, AT&T (T), Sprint (S), and T-Mobile (TMUS) have generated returns of -0.9%, -0.5%, and 1.0%, respectively, in the last five trading days.
Soon, we’ll release a detailed series with more insights into Verizon’s earnings. Stay tuned!