TMCNet:  Verizon 4Q earnings up 15 percent

[January 27, 2009]

Verizon 4Q earnings up 15 percent

(AP Online Via Acquire Media NewsEdge) NEW YORK_Verizon says its earnings increased 15 percent in the fourth quarter, as it kept adding wireless and broadband subscribers.

The country's second-largest telecommunications provider earned $1.24 billion, or 43 cents per share, up from $1.07 billion, or 37 cents per share, a year earlier.

Excluding charges mainly for job cuts, earnings were 61 cents per share, matching the expectation of analysts polled by Thomson Reuters.


Revenue rose 3.4 percent to $24.6 billion from a year ago. That fell slightly short of analyst expectations at $24.74 billion.

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