Z
Zach Epstein
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Verizon Communications posted a massive $1.93 billion loss in the fourth quarter of 2012 as pension expenses and costs associated with Hurricane Sandy took a big toll on the company's performance. The company was looking to rebound in 2013 and it did just that. Excluding one-time charges, Verizon managed earnings of $0.45 per share in the year-ago quarter on sales totaling $30 billion. In Q4 2013, Verizon's earnings climbed to $0.66 per share on $31.07 billion in revenue, narrowly beating analysts' estimates on both counts. The carrier's net income totaled $5.07 billion in the fourth quarter. Verizon also said it added 1.7 million net new wireless subscribers during the quarter, pushing its total subscriber count to 102.8 million. The company's full press release follows below.Continue reading...
Via BRG - Boy Genius Report