- Verizon (NYSE:VZ): Q4 Non-GAAP EPS of $1.21 beats by $0.04; GAAP EPS of $1.11 misses by $0.06.
- Revenue of $34.7B (-0.2% Y/Y) beats by $230M.
- Postpaid phone net adds of +279k (estimate +525K) and Wireless postpaid net adds of +703k (estimate +941k).
- For 2021, Verizon expects: Service and other revenue growth of at least 2%, including total wireless service revenue growth of at least 3%; Adjusted EPS (non-GAAP) of $5.00 to $5.15; Adjusted effective income tax rate (non-GAAP) in the range of 23 to 25%; Capital spending to be in the range of $17.5B to $18.5B.
- Press Release