Verizon 4Q earnings up 15 percent
Posted January 26, 2009 10:00 pm
NEW YORK -- Verizon says its earnings increased 15 percent in the fourth quarter, as it kept adding wireless and broadband subscribers.
The country's second-largest telecommunications provider earned $1.24 billion, or 43 cents per share, up from $1.07 billion, or 37 cents per share, a year earlier.
Excluding charges mainly for job cuts, earnings were 61 cents per share, matching the expectation of analysts polled by Thomson Reuters.
Revenue rose 3.4 percent to $24.6 billion from a year ago. That fell slightly short of analyst expectations at $24.74 billion.
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