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General

Verizon raises FY outlook for adjusted EPS growth as cost savings boost bottom line

Tuesday 23 April 2019 | 14:00 CET | News
Verizon saw its wireless service revenue growth strengthen to 4.4 percent in the first quarter, helped by customers migrating to higher price plans, strong customer growth in Q4 and more lines per account. Customer growth was seasonally weak, with 61,000 retail net postpaid additions and 44,000 phone net losses. The US operator's bottom line still improved, helped by its ongoing voluntary redundancy programme and other cost-cutting efforts, with EPS up to USD 1.22 from USD 1.11 a year earlier. The company now expects growth in underlying EPS over the full year.

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Categories: General
Companies: Verizon / Verizon Wireless
Countries: United States
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