Verizon’s earnings report released Tuesday shows the company still outpacing competitors. Verizon Communications reported its fourth-quarter profit was $2.64 billion, up from $617 million in 2009. That’s a rise from 22 cents per share to 93 cents per share. Although Q4 sales were up 5.7 percent from last year to $16.15 billion, overall revenue fell 2.6 percent to $26.39 billion. Verizon Wireless added 955,000 net customers, including 872,000 retail post-paid customers during the quarter.
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Verizon Walks Tightrope With Temporary Unlimited Data Plan
Posted by: Rob Spiegel January 25, 2011 02:32 PMVerizon’s earnings report released Tuesday shows the company still outpacing competitors. Verizon Communications reported its fourth-quarter profit was $2.64 billion, up from $617 million in 2009. That’s a rise from 22 cents per share to 93 cents per share. Although Q4 sales were up 5.7 percent from last year to $16.15 billion, overall revenue fell 2.6 percent to $26.39 billion. Verizon Wireless added 955,000 net customers, including 872,000 retail post-paid customers during the quarter.