sincity Posted October 17, 2013 Share Posted October 17, 2013 Following solid earnings in the second quarter that narrowly topped the Street's expectations, Verizon Communications on Thursday reported its third-quarter results ahead of the bell. Analysts polled by FactSet expected the nations largest carrier to post a profit of $0.74 per share for the September quarter, and their revenue consensus sat at $30.15 billion. Verizon beat expectations, however, reporting earnings of $0.77 per share — or $2.23 billion, up more than 20% — on $30.3 billion in sales. In the same quarter last year, Verizon earned $0.64 per share on revenue that totaled $29.01 billion. The carrier said that at the end of the third quarter it was home to 101.5 million total retail connections, including 95.2 million retail postpaid connections. Verizon added 927,000 net retail postpaid connections in the quarter and postpaid churn was 0.97%. Verizon's full press release follows below. Continue reading... View the full article Quote Link to comment Share on other sites More sharing options...
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