0
General

Verizon Q1 profit up on tax gains, loses phone customers

Tuesday 24 April 2018 | 15:01 CET | News
Verizon reported first-quarter earnings of USD 1.11 per share, up from 84 cents a year ago, helped by the US tax reform and new accounting standards for revenue recognition. Revenues rose 6.6 percent to USD 31.8 billion and were 3.2 percent higher on an organic basis. Wireless service revenues were still down 2.4 percent year-on-year, but Verizon said the result excluding the accounting impact was flat over the quarter and positive in March. 

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Verizon / Verizon Wireless
Countries: United States
::: add a comment
This article is part of dossier

5G


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Verizon starts early retirement offer

Published 26 Sep 2018 09:54 CET | United States
Verizon has offered early-retirement packages to thousands of employees, the Wall Street Journal reports. The voluntary severance ...

Lichte omzetstijging voor Verizon, winst daalt

Published 25 Jul 2018 07:22 CET | United States
Verizon heeft over het tweede kwartaal van dit jaar een omzet gerealiseerd van USD 32,2 miljard, een stijging van 5,4 procent ten ...

Verizon benoemt Houston als derde 5G-stad

Published 25 Jul 2018 06:31 CET | United States
Verizon heeft Houston aangewezen als derde stad in de VS die 5G-dekking krijgt. Naar verwachting zullen klanten nog voor het ...

Verizon upgrades revenue growth outlook as mobile business improves in Q2

Published 24 Jul 2018 14:48 CET | United States
Verizon upgraded its outlook for full-year revenue growth after reporting improving trends at its mobile business in Q2. The US ...

Comsol, Verizon and Samsung plan fixed wireless 5G trials in South Africa to rival fibre

Published 17 May 2018 11:15 CET | South Africa
Comsol Networks said it is working with Verizon and Samsung to launch 5G fixed wireless trials in South Africa. They aim to ...

Verizon Wireless to close 6 call centres, rely on home-based service staff

Published 14 Mar 2018 09:35 CET | United States
Verizon Wireless has announced plans to close six or its 18 call centres in the US, eliminating around 3,000 jobs, the union CWA ...

Verizon introduces Verizon Connect platform for connected vehicles

Published 06 Mar 2018 13:57 CET | United States
Verizon launched Verizon Connect, a platform that allows enterprises to manage their connected vehicles and mobile ...

Verizon pays USD 600 mln penalty to FCC for Straight Path licence violations

Published 01 Mar 2018 10:58 CET | United States
Verizon has paid a fine of USD 600 million for the acquired company Straight Path Communications to the Federal Communications ...

Verizon returns to mobile revenue growth in Q4 after adding 1.2 mln postpaid subs

Published 23 Jan 2018 14:20 CET | United States
Verizon reported a strong fourth quarter, with a net 1.2 million retail postpaid subscribers added and its first growth in mobile ...

Verizon pushing plans for OTT content, connected home hub - report

Published 12 Jan 2018 09:07 CET | United States
Verizon is developing an OTT content service offering and is also working on a connected home product that would let people ...

AT&T, Verizon prepare for 5G commercial launch later in 2018

Published 04 Jan 2018 08:37 CET | United States
US operators are rushing to become the first to launch 5G services. AT&T announced that it expects to be the first with a launch ...





Calendar   /   Industry Events

28 Oct World Radiocommunication Conference
12 Nov United Internet Q3 2019
12 Nov 1&1 Drillisch Q3 2019
12 Nov Dasan Zhone Q3 2019
12 Nov Vodafone fiscal H1
12 Nov Telkom fiscal H1
12 Nov Skyworks fiscal Q4
12 Nov GTT Communications Q3 2019
12 Nov INAP Q3 2019
12 Nov Infinera Q3 2019
12 Nov Iliad Q3 2019
12 Nov Wi-Fi NOW International
13 Nov Japan Display fiscal Q2
13 Nov Altice Europe Q3 2019
13 Nov Sunrise Q3 2019
13 Nov TIP Summit
13 Nov Cable Congress
13 Nov 5G Expo North America
14 Nov Ice Group Q3 2019
14 Nov Westell fiscal Q2
14 Nov Nvidia Q3
14 Nov Weibo Q3 2019
14 Nov Cisco fiscal Q1
14 Nov Bouygues Telecom Q3 2019
14 Nov Bharti Airtel fiscal Q2
14 Nov TDC Q3 2019
14 Nov Vodafone Idea fiscal Q2
18 Nov Bezeq Q3 2019
18 Nov CRU World Optical Fiber & Cable Conference
19 Nov MTS Q3 2019
::: More Calendar Items