Matches Earnings & Misses Revenue expectations by ~1%
Total Revenue: $32.8 Bn, up 0.6% YoY, down 0.6% QoQ
Net Income: $4.7 Bn, down 2% YoY, flat QoQ
Shares down ~4% after results
Key Takeaways:
Total Wireless Service Revenue: $19.8 Bn, up 3.5% YoY, up 1.3% QoQ
Net Broadband Additions: 391K, up 17.2% YoY, up 0.5% QoQ
Net Postpaid Additions: 340K, up 34.3% QoQ, up 21.3% YoY
Revenue Forecast: Wireless service revenue growth anticipated between 2% and 3.5%
CEO Hans Vestberg on Performance:
“The sequential and year-over-year improvements in the second quarter were a reflection of operational excellence and the moves we made to bring choice, value, and control to our customers’ lives. Our industry-leading network serves as a catalyst for how our millions of customers live their lives and serves as the backbone for new and emerging technologies.”
