For fiscal 2020, Verizon expects adjusted EPS to grow 2% to 4% and revenue to grow low-to-mid single-digit percent compared to the fiscal 2019. The company estimates to spend $17 billion to $18 billion in FY20, which includes the expansion of 5G in new and existing markets, the densification of 4G, and the continuation of the fiber build-out.
Verizon delivered strong operational performance in the fourth quarter, highlighted by continued wireless customer growth in both Consumer and Business,” said CEO Hans Vestberg.
Total Verizon Consumer reported 852,000 wireless retail postpaid net additions in the recently ended quarter. This consisted of 588,000 phone net additions up 12.6% year-over-year, and 723,000 postpaid smartphone net additions.
Total Verizon Business reported 396,000 wireless retail postpaid net additions in Q4 2019, up 18.6% year-over-year. This consisted of 202,000 phone net additions, 132,000 tablet net additions and 62,000 other connected device additions.
VZ shares have dropped 3% in the past one month and gained 12% in the past 12 months.