United States

Verizon Communications Q3 adj. EPS $0.98

Thursday, 19 Oct 2017 07:30am EDT 

Oct 19 (Reuters) - Verizon Communications Inc ::Q3 earnings per share $0.89.Q3 earnings per share view $0.98 -- Thomson Reuters I/B/E/S.Q3 adjusted non-GAAP earnings per share $0.98 excluding items.Q3 earnings per share view $0.98 -- Thomson Reuters I/B/E/S.Q3 revenue $31.7 billion versus I/B/E/S view $31.45 billion.Sees ‍full-year 2017 consolidated revenues, on an organic basis, to be fairly consistent with 2016​.Qtrly wireless retail postpaid net additions ‍603,000​ versus 442,000 net additions.Sees ‍full-year 2017 consolidated adjusted EPS trends to be similar to consolidated revenue trends​.Sees ‍consolidated capital spending for 2017 to be at lower end of range of $16.8 billion to $17.5 billion​.Verizon's third-quarter 2017 earnings include a 1-cent-per-share impact as a result of natural disasters in Florida and Texas​.Qtrly wireline fios video net subscriber losses 18‍​,000 versus 36,000 net additions last year.Company's ‍pre-commercial 5G fixed wireless broadband trials are continuing, and company is on track to share trial results later in Q4​.In the media business, Oath revenues were $2 billion in Q3, and integration of AOL and Yahoo is 'ahead of internal expectations​'.Qtrly wireless retail postpaid churn ‍0.97 percent versus 1.04 percent​.Qtrly wireline FIOS internet net subscriber additions 66,000‍​ versus 90,000 net additions last year.Company had 109.7 million wireless retail postpaid connections and 5.6 million wireless retail prepaid connections at end of quarter‍​.