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Verizon's mobile and broadband growth drive higher revenue in Q3
2013-10-18 05:33:08| Telecom - Topix.net
Verizon Communications' profit and sales rose in the third quarter of 2013, with the growth driven by higher mobile and broadband numbers.
Tags: mobile
drive
higher
growth
Verizon's mobile and broadband growth drive higher revenue in Q3
2013-10-18 01:16:54| InfoWorld: Top News
Verizon Communications' profit and sales rose in the third quarter of 2013, with the growth driven by higher mobile and broadband numbers. The company said on Thursday that it posted a 4.4 percent increase in revenue and a 30 percent increase in net income compared with 2012's third quarter. Net income attributable to Verizon, not including Vodafone's stake in Verizon Wireless, was $2.2 million, up 38 percent from a year earlier.
Tags: mobile
drive
higher
growth
In the Spotlight - Coca-Cola Co & PepsiCo's Q3
2013-10-17 16:35:32| Daily beverage news and comment - from just-drinks.com
The Coca-Cola Co and PepsiCo's third-quarter results both hit the pavement this week, with contrasting performances for the beverage rivals in their home market.
Tags: spotlight
q3
cocacola
pepsicos
Verizon continues double-digit earnings growth in Q3
2013-10-17 14:55:00| Telecompaper Headlines
(Telecompaper) Verizon reported another double-digit increase in earnings in the quarter, with EPS growing to 78 cents from 56 a year earlier. Revenues increased 4.4 percent to USD 30.3 billion, and operating profit improved 30.0 percent to USD 7.1 billion. Adjusted EBITDA was up 16.9 percent to USD 11.3 billion, and the margin improved to 37.3 percent from 33.3 a year ago. In the first nine months of 2013, Verizon increased capital expenditure to USD 11.8 billion from USD 11.3 billion in the year-earlier period. Free cash flow was still up 23.3 percent over the same period to USD 16.6 billion. Verizon said it has also successfully arranged the financing to buy out Vodafone's stake in Verizon Wireless, with a USD 49 billion debt offering and an agreement for up to USD 12 billion in term loans. Growth in the third quarter was again driven by Wireless, with service revenues up 8.4 percent year-on-year to USD 17.5 billion. The EBITDA margin on service revenues rose by 110 basis points to 33.8 percent, and Verizon said it was on track to deliver a margin of 49-50 percent for the full year, after a result of 50.4 percent in the first nine months. The retail mobile customer base increased by a net 1.1 million lines in the three months, including 927,000 postpaid subscribers, to a total 101.2 million at the end of September. The company expects customer growth to increase sequentially in the fourth quarter.
Tags: growth
continues
earnings
verizon
Chipmaker TSMC reports earnings up 5 percent on record Q3 revenue
2013-10-17 13:23:14| Semiconductors - Topix.net
Taiwan Semiconductor Manufacturing Co. saw net profit for the third quarter rise 5 percent year on year as revenue hit a record, but the chipmaker warned that this could slip later in the year due to a slowdown in demand for high-end smartphones.
Tags: reports
record
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revenue
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