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Verizon wireless margin dips on higher hardware sales
2014-10-21 14:38:00| Telecompaper Headlines
(Telecompaper) Verizon reported another quarter of double-digit earnings growth in Q3, as it passed the milestone of over 100 million retail postpaid mobile connections. Earnings rose to USD 0.89 per share from USD 0.78 a year ago, driven by the buy-out of Vodafone's stake in Verizon Wireless. Operating revenues increased 4.3 percent year-on-year to USD 31.6 billion and were up 4.9 percent excluding divestments. The US operator maintained its outlook for around 4 percent revenue growth over the full year, but said the EBITDA margin will depend on the performance of the wireless activities in Q4. The wireless margin in Q3 was lower, due in part to higher costs for increased tablet sales. The company expects to reach the high end of its capital expenditure forecast of USD 16.5-17.0 billion this year, after spending USD 12.6 billion in the first nine months of 2014.
Tags: sales
hardware
higher
wireless
Category:Telecommunications