TITLE

Verizon Profits From Wireless

AUTHOR(S)
Medford, Cassimir
PUB. DATE
January 2009
SOURCE
Red Herring;1/27/2009, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports on the increase in profits of Verizon for the fourth quarter of 2008. The second largest telecommunications company in the U.S. posted a 15 percent increase in profits to $1.2 billion despite a slowdown in adding new wireless subscribers. Its sales also increased to $24.6 billion. he company missed forecasts slightly on earnings per share. The company's mobile subsidiary, Verizon Wireless, added 1.2 million net new customers, which brought its total subscriber base to 72.1 million.
ACCESSION #
36602926

 

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