Verizon (VZ) this morning reported Q3 revenue of $26.48 billion, a hair ahead of the Street at $26.34 billion. Adjusted EPS of 56 cents a share beat the the consensus of 54 cents by two pennies.
The company added 997,000 net new wireless customers in the quarter, boosting the total to 93.2 million. Verizon added 226,000 FiOS broadband customers, to 3.9 million; it added 204,000 FiOS TV customers, to 3.3 million. Residential wirelines in service fell 10.2%, continuing the recent trend.
The company said it expects second half adjusted EPS to be 5%-10% higher than the $1.01 reported for the first half. That implies second half profits of $1.06-$1.11; and that brings the full year total to $2.07-$2.12, which is actually a bit below the Street consensus at $2.23.
VZ this morning is down 20 cents, or 0.6%, to $32.32.
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