https://techcrunch.com/2019/01/29/verizon-reports-mixed-results-for-q4-2018/

Verizon (TechCrunch’s parent company) just released its earnings report for the fourth quarter of 2018. The company generated $34.3 billion in revenue with an adjusted EPS of $1.12 that excludes special items.

Verizon’s actual EPS for this quarter is 47 cents. The reason why the company had to adjust its EPS is that the company wrote down $4.6 billion in Q4 2018 for the value of its media division, Verizon Media, formerly known as Oath. The company also took a $2.1 billion charge following a voluntary redundancy program.