Verizon’s postpaid phone net additions
Verizon (VZ), the largest wireless carrier in the United States, is looking to showcase its strength as it nears its first-quarter earnings release. The telecommunications company is expected to report its results for the first quarter on April 23.
On that day, Verizon is expected to report adjusted EPS of $1.17, unchanged on a YoY (year-over-year) basis. Meanwhile, Wall Street analysts expect Verizon’s total revenue to rise ~1.2% YoY to reach $32.1 billion in the first quarter. In addition, the company is expected to report a loss of 10,000 postpaid phone net customers compared to its net loss of 24,000 in the first quarter of 2018.
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In the fourth quarter of 2018, Verizon reported a net increase of 1.2 million retail postpaid connections. This number included 653,000 net phone additions, 11,000 net tablet additions, and 556,000 net additions of other connected devices, such as wearables.