HALISTER: Verizon 3Q Operating Revenue Trails on Slower Subscriber Growth

Verizon 3Q Operating Revenue Trails on Slower Subscriber Growth

(Bloomberg) -- Verizon signed up 442,000 total monthly mobile subscribers in 3Q, down from 615,000 in 2Q, and trailed the 875,000 estimate average of 8 analysts surveyed by Bloomberg.
  • 3Q EPS 89c
  • 3Q adj. EPS $1.01, est. 99c
  • 3Q oper rev. $30.9b, est. $31.1b
  • 3Q wireless revenue $22.1b
  • 3Q wireline revenue $7.79b
  • 3Q postpaid churn 1.04%
  • 3Q postpaid tablet net change +221,000 , est. +580,000 (Bloomberg News)
    • 3Q postpaid net change +442,000 , est. +875,000
  • 3Q wireless Ebitda service margin 44.9%
  • 3Q FIOS video net change +36,000 , est. +59,000 (Bloomberg News)
  • 3Q adj. Ebitda $11.3b, est. $11.3b
  • Reaffirms Yr Forecast
  • Sees Yr Capex At Low End Of Range $17.2b to $17.7b
  • VZ Sees ’17 Consolidated rev. Organic Growth Consistent W/ Gdp
  • VZ Sees ’17 adjusted EPS Growth At ’normal Levels’
Statement NOTE:
  • 11 buys, 23 holds, 0 sells before today
  • Call 8:30am (NY time), (888)-455-3018 pw VERIZON
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
VZ US (Verizon Communications Inc)

People
Lowell McAdam (Verizon Communications Inc)

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