Verizon released its quarterly results a little while ago. The highlight: For the quarter, it made a profit of $1.59 billion, or 56 cents per share, on $29 billion in revenue, after adjusting for some items. On a non-GAAP basis, earnings were 64 cents per share. It finished the quarter with 95.9 million wireless customers, up by 1.8 million from the prior quarter, compared with 882,000 in the same quarter a year ago. The results are pretty much in line with what analysts had expected: 64 cents a share and $29 billion in sales. Read the full story at All Things D.
Verizon Profits Up on Surge in Wireless Subscriptions
Author: Shelly Palmer
Shelly Palmer is Fox 5 New York's On-air Tech Expert (WNYW-TV) and the host of Fox Television's monthly show Shelly Palmer Digital Living. He also hosts United Stations Radio Network's, Shelly Palmer Digital Living Daily, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment. He is Managing Director of Advanced Media Ventures Group, LLC an industry-leading advisory and business development firm and a member of the Executive Committee of the National Academy of Television Arts & Sciences (the organization that bestows the coveted Emmy® Awards).