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Verizon improves FY outlook as wireless service revenue improves in Q3

2020-10-21 14:48:00| Telecompaper Headlines

(Telecompaper) Verizon has issued a modest improvement in its full-year outlook, after a better-than-expected performance in Q3. The company now expects annual adjusted EPS flat to 2 percent higher, compared to its previous guidance for an up to 2 percent fall. This follows stable adjusted EPS of USD 1.25 in Q3 and a return to wireless service revenue growth of 0.4 percent as stores re-opened during the quarter. Wireless service revenues are expected to strengthen to at least 2 percent growth in Q4, supported by new device launches like the latest iPhones.� [ more ]

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