Verizon posts Q4 loss on charges, revenues up 5.7%

Tuesday 22 January 2013 | 17:06 CET | News
Verizon reported a net loss for the fourth quarter due to one-time pension, debt retirement and restructuring charges, but continued to see solid growth in both mobile and consumer wireline service revenues. The US operator posted a loss of USD 1.48 per share, double the loss of USD 0.71 a year earlier. Adjusted EPS, excluding the one-time items but including costs of 7 cents a share from Superstorm Sandy, totaled 38 cents, down from 52 cents a year ago. Revenues were up 5.7 percent year-on-year to pass USD 30 billion for the first time. Over the full year, capex fell by about USD 70 million

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Categories: General
Companies: Verizon / Verizon Business
Countries: United States
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