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Analysts 'expectations were a result of $ 1.14 per share, according to Bloomberg News' average forecast.
Revenues were $ 32.2 billion. Verizon adjusts its forecast for investments, Capex, for the year 2018. Verizon now estimates that Capex is getting closer to the lower end of the previous forecast range of $ 17.0 to $ 19.8 billion [19659002] In 2017, capital expenditures rose to $ 17.2 billion
According to Bloomberg News estimates, the average analyst estimate for the year 2018 was earlier than the report of $ 17.3 billion. Verizon that the full-year consolidated business turnover will increase at a low to medium rate (at the GAAP level).
"This annual forecast update is due to a better evolution of equipment revenues than expected," writes Verizon. ] Verizon also reiterates that adjusted earnings per share are estimated to increase by low single digit percentages throughout the year 2018.
In Tuesday's US trade, Verizon rose 2.8 hundred.
Next week, August 1, former CEO of Ericsson, Hans Vestberg, will act as Verizon's CEO.
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