Verizon posts Q4 loss on pension charges, margin pressure

Thursday 22 January 2015 | 17:06 CET | News
Verizon Communications reported fourth-quarter revenues of USD 33.2 billion, up 6.8 percent year-over-year. The US operator posted a net loss of USD 0.54 per share, versus a profit of USD 1.76 a year earlier, due to a number of one-time charges for retirement benefits and financing costs. Excluding these items, EPS rose 7.6 percent year-on-year to USD 0.71. Over the full year, revenues increased 5.4 percent to USD 127.1 billion, helped by new revenues streams from the Internet of Things and telematics, which grew 45 percent to USD 585 million. Free cash flow totalled USD 13.4 billion, after

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Categories: General
Companies: Verizon / Verizon Communications / Verizon Wireless
Countries: World
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