Verizon Has Strong Quarter, Mixed Metrics

Larry Dignan (ZDNet) submits:

Verizon (VZ) on Tuesday delivered a mixed bag for the quarter. FiOS TV additions were stronger-than-expected and wireless subscriber additions were on the light side. Meanwhile, the company didn’t break out how many BlackBerry Storms it moved in the quarter.

The telecom giant reported fourth quarter earnings of 43 cents a share and 61 cents excluding items (statement). Revenue was $24.6 billion in the fourth quarter, up 3.4 percent from a year ago. That tally just missed estimates, which have been falling rapidly in the last month or so. Wall Street was expecting earnings of 62 cents, according to Reuters Estimates.

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Tags: BT, earnings, LEC, telecom, Verizon, VZ, wireless

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