With revenue of $29.8 billion, Verizon’s first quarter earnings fall short of analyst expectations


Verizon just released its first quarter earnings results, with adjusted earnings per share of 95 cents on revenue of $29.8 billion.

Revenue (minus divestitures and acquisitions) is down 4.5 percent from the first quarter of 2016. The numbers also fall short of what analysts had been predicting: EPS of 96 cents per share on revenue of $30.5 billion.

Verizon says there was a net decline of 307,000 wireless postpaid connections in the past quarter. However, it also says the launch of its Unlimited data plan “positively changed the trajectory of customer additions” — after the February launch, Verizon says it added 109,000 postpaid connections.

On the digital media side, Verizon says AOL (which owns TechCrunch) saw revenue (minus traffic acquisition costs) decrease 4…

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