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Verizon forecasts modest revenue growth, flat earnings, higher capex in 2019
2019-01-29 13:59:00| Telecompaper Headlines
(Telecompaper) US operator Verizon reported revenues for 2018 up 3.8 percent and said it expects similar, low single-digit percentage growth in 2019. Adjusted EPS was better than expected, rising 26 percent to USD 4.71 thanks to tax benefits in Q4, but Verizon said it expects a negative impact this year from new accounting rules on leases. Capital expenditure will also increase this year as the operator ramps up its 5G roll-out.
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Category:Telecommunications