![]() ![]() The company's effective tax rate should be 24% to 26%, with cash taxes in 2019 expected to be $2 billion to $3 billion higher than 2018, as Verizon realized certain one-time tax benefits last year.Ĭapital expenditures are forecast to rise as the company invests in 5G, with full-year capital spending expected in the range of $17 billion to $18 billion.ģ Stocks That Are Absurdly Cheap Right Nowĥ Warren Buffett Principles to Remember in a Volatile Stock Market Adjusted earnings per share, which excludes the impact of new lease accounting standards, will be "similar" to 2018. In terms of guidance, Verizon expects full-year 2019 revenue to grow by a low-single-digit percentage on a GAAP basis. Verizon will expand its commercial launch of 5G in 2019. When asked about the company's outlook for Verizon Media revenue, CFO Matt Ellis acknowledged ongoing declines but expressed optimism for 2019, saying, "The assumption, as we head into this year, is that we'll make progress on the revenue line." We are laser focused on delivering customers a best-in-class and game-changing experience on our networks. As we head into 2019 and the 5G era, we're beginning a period of transformational change. #Verizon yahoo writedown fullVerizon lost 46,000 Fios video connections due to cord-cutting.Ģ018 was a remarkable year full of 5G firsts, including being first in the world to commercially deploy 5G with our 5G Home product. The company has saved $2.3 billion so far through 2018.įios revenue grew 2.5% when excluding the impact of new revenue recognition standards, thanks in part to adding 54,000 net Fios internet connections. Verizon says it is on track to generate $10 billion in cumulative cash savings by 2021, a goal set in 2017, in order to fund dividend payouts. Verizon Media announced earlier this month that it was laying off 7% of its employees, impacting about 800 workers.Ĭapital expenditures were $2.3 billion in the fourth quarter, bringing full-year capital spending to $16.7 billion. The company recognized a $4.6 billion goodwill impairment charge related to Verizon Media. ![]() Verizon Media revenue fell 6% to $2.1 billion, but was up sequentially due to seasonality. On a GAAP basis, Verizon posted net income of just $2 billion, or $0.47 per share, due to the writedown. The company also added 11,000 tablet connections and 556,000 other connected devices, mostly wearables. Verizon reported 1.2 million retail postpaid net additions in the fourth quarter, including 873,000 postpaid smartphone net additions. What happened with Verizon Communications this quarter? This is the second straight quarter that Yahoo is not holding a post-earnings call.Retail postpaid average revenue per accountĭata source: Verizon. The company said last week it would not hold a conference call or webcast after the release of the results, citing the pending deal. The year-ago quarter included a $4.46 billion write-down to account for the lower value of some units. Net income attributable to Yahoo was $162 million, or 17 cents per share, compared with a loss of $4.43 billion, or $4.70 per share, a year earlier. 31 from $1.27 billion a year earlier.Īfter deducting fees paid to partner websites, revenue fell to $960.1 million from $1 billion. Yahoo's revenue rose to $1.47 billion in the fourth quarter ended Dec. Verizon executives have said they see a strong strategic fit with Yahoo and will review the impact of the data breaches, but sources have told Reuters that the deal terms could be renegotiated. ![]() The internet pioneer said in December it had uncovered a massive cyber attack in 2013 affecting more than 1 billion user accounts, double the number compromised in a 2014 breach that Yahoo disclosed in September. The deal was earlier expected to close in the first quarter. The company said on Monday that it was continuing to work with Verizon on the sale, and added that the deal was now expected to close in the second quarter. The fate of the deal was thrown into doubt after Yahoo disclosed two major data breaches last year. (Reuters) - Yahoo Inc reported a 15.4 percent rise in quarterly revenue on Monday, ahead of a proposed sale of its core internet business to Verizon Communications Inc. ![]()
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