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Feature Article

04/23/2018 - 12:22pm By: The Fly

Verizon (VZ) is scheduled to report quarterly results before the market opens on April 24, while AT&T (T) is scheduled to report on April 25 and Sprint (S) and T-Mobile (TMUS) have not yet announced their earnings release dates. 1. OUTLOOK: When Verizon reported its second quarter results on January 23, it said it expected FY18 consolidated revenues would grow at low-single-digit percentage rates on a GAAP basis. Excluding the impact from the new revenue recognition standard, Verizon is on track to achieve year-over-year wireless service revenue growth by the middle part of 2018. On a GAAP basis, Verizon said it expected service revenue growth to turn positive around the end of 2018 or early 2019. Capital spending for 2018 will be in the range of $17B to $17.8B...

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