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Verizon wireless profit margin disappoints, shares off
2013-01-22 18:21:19| IT Services - Topix.net
Verizon Communications Inc on Tuesday posted a weaker-than-expected wireless operating profit margin due to hefty costs from the sale of smartphones like Apple's iPhone, but the U.S. telecommunications group promised the number would improve this year.
Tags: wireless
profit
shares
margin
Verizon hit by charges, device subsidies
2013-01-22 18:21:18| IT Services - Topix.net
Verizon Communications Inc. reported a fourth-quarter loss Tuesday, as year-end charges and smartphone subsidies weighed down results that included the best-ever customer additions to its wireless service.
Tags: hit
device
charges
verizon
Verizon posts Q4 loss on charges, revenues up 5.7%
2013-01-22 17:06:00| Telecompaper Headlines
(Telecompaper) Verizon reported a net loss for the fourth quarter due to one-time pension, debt retirement and restructuring charges, but continued to see solid growth in both mobile and consumer wireline service revenues. The US operator posted a loss of USD 1.48 per share, double the loss of USD 0.71 a year earlier. Adjusted EPS, excluding the one-time items but including costs of 7 cents a share from Superstorm Sandy, totaled 38 cents, down from 52 cents a year ago. Revenues were up 5.7 percent year-on-year to pass USD 30 billion for the first time. Over the full year, capex fell by about USD 70 million to USD 16.2 billion, including USD 135 million for storm-related work, while free cash flow rose by 13.1 percent to USD 15.3 billion. Net debt dropped to USD 52.0 billion, from USD 55.2 billion at the end of 2011.
Verizon sold 6.2M iPhones in Q4
2013-01-22 14:47:51| CNET News.com
The carrier activated 9.8 million smartphones in the period, with nearly a third new to the service. [Read more]
Tags: sold
verizon
q4
iphones sold
Verizon Communications 4Q loss widens
2013-01-22 14:11:38| IT Services - Topix.net
Verizon Communications' fourth-quarter loss widened, dragged down by restructuring, pension and Superstorm Sandy costs.
Tags: loss
communications
verizon
widens
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