Verizon escapes economic hard times, thanks again to wireless

Next Story

No one cares? Edgar Mitchell, astronaut, says aliens exist


Verizon reported another strong quarter, with little thanks to the few remaining landline customers. Verizon Communications, the 51% parent to Verizon Wireless, says its second quarter earnings were up 12%, reaching $1.88 billion, or 66 cents per share, from $1.68 billion, or 58 cents per share a year ago, even as more landline customers disconnected service. The company reported an 11.4% percent decline in residential landline customers, up from the 10.9% slide in the first quarter.

Read the rest of the quarterly highlights at CG.

blog comments powered by Disqus