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Verizon Q1 solid, but wireless business has multiple moving parts ahead of 5G

April 23, 2019

Via: ZDnet
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Verizon reported a solid first quarter with better-than-expected earnings and outlook for 2019.

The company reported first quarter earnings of $1.22 a share, or $1.20 a share on a non-GAAP basis, on revenue of $32.1 billion.

Wall Street was expecting Verizon to report revenue of $32.16 billion with earnings of $1.17 a share.

Verizon said it added 61,000 retail postpaid net additions including 174,000 postpaid smartphone additions with retail postpaid churn of 1.12 percent with churn of 0.84 percent for phones.

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