Verizon reported a strong first quarter of 2012, it revealed Thursday, thanks in part to new FiOS and wireless subscribers. Verizon took in $1.69 billion in profit, or 59 cents per share, an increase from the 51 cents per share it reported from the same time last year. The company’s operating revenues were $28.2 billion, up 4.6 percent. The wireless provider is now up to 93 million subscribers, and nearly 47 percent of those are smartphone users. Verizon’s earnings came out ahead of Wall Street expectations.
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Verizon Aims to Horse-Trade With FCC in Spectrum Sell-Off
Posted by: Rachelle Dragani April 19, 2012 10:27 AMVerizon reported a strong first quarter of 2012, it revealed Thursday, thanks in part to new FiOS and wireless subscribers. Verizon took in $1.69 billion in profit, or 59 cents per share, an increase from the 51 cents per share it reported from the same time last year. The company’s operating revenues were $28.2 billion, up 4.6 percent. The wireless provider is now up to 93 million subscribers, and nearly 47 percent of those are smartphone users. Verizon’s earnings came out ahead of Wall Street expectations.