These Analysts Revise Their Forecasts On Verizon After Q3 Results

Verizon Communications Inc (NYSE:VZ) reported mixed fiscal third-quarter results on Tuesday.

Its sales growth was flat year over year, reaching $33.33 billion, marginally missing the analyst consensus estimate of $33.43 billion. Service and other revenue growth was offset by declines in wireless equipment revenue. Adjusted EPS of $1.19 beat the analyst consensus estimate of $1.18.

Postpaid phone net additions were 239,000. Verizon’s retail postpaid net additions were 349,000. The quarter saw 389,000 total broadband net additions. The company ended the quarter with 11.9 million broadband subscribers, ...