Thursday, July 23, 2015

The Proof is in the Capex

Yesterday, we asked if the expectation that wireless spending will pick up in the second half of 2015 would become a reality. Verizon was the first wireless carrier to report their second quarter results, and the company reported second quarter capex of $4.49 billion, which brings their total to $8.2 billion for the first half of the year. The company projected that wireless capex for the year would be around $17.5 billion to $18 billion. “We expect capex to ramp in 2H,” Jonathan Schildkraut of Evercore ISI wrote. Kevin Smithen at Macquarie Securities slightly raised their 2016 earnings per share (EPS) forecasts to $3.76 following Verizon’s second quarter earnings call. Continue reading here

No comments:

Post a Comment