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General

Verizon wireless margin dips on higher hardware sales

Tuesday 21 October 2014 | 14:38 CET | News
Verizon reported another quarter of double-digit earnings growth in Q3, as it passed the milestone of over 100 million retail postpaid mobile connections. Earnings rose to USD 0.89 per share from USD 0.78 a year ago, driven by the buy-out of Vodafone's stake in Verizon Wireless. Operating revenues increased 4.3 percent year-on-year to USD 31.6 billion and were up 4.9 percent excluding divestments. The US operator maintained its outlook for around 4 percent revenue growth over the full year, but said the EBITDA margin will depend on the performance of the wireless activities in Q4. The

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Categories: General
Companies: Verizon / Verizon Wireless / Vodafone
Countries: United States
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