Verizon posted a decent third quarter this morning, besting consensus estimates. Analysts polled by Thomson Reuters had been expecting earnings of 59 cents on revenue of $27.17 billion. Excluding one-time costs, Verizon reported a profit of 60 cents a share on revenue of $27.3 billion.
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Verizon may well want to add the iPhone to its mobile device lineup but it’s doing perfectly well without it. The company posted earnings this morning that bested analyst estimates thanks to a strong wireless business that continues to compensate for its declining wireline division.
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Vonage’s slow death is … well, it’s slowing.The financially struggling Internet-phone company reported today a smaller first-quarter loss thanks largely to prudent cost cuts.
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The economy may be slowing, the traditional wireline phone business deterioriating, but Verizon, as director Michael Bay says in one of the company’s new commercials , is doing “awesome.”
The company’s first-quarter earnings met Wall Street expectations today thanks to strong growth in its wireless and FIOS home fiber-optic services businesses.
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Verizon’s Advanced Web Search service was, in the words of the company, “designed to help you quickly find the destination Web site you were seeking.” But apparently that’s true only if the destination site you’re seeking happens to be Verizon’s own search-engine page.
Some subscribers to the company’s FiOS fiber-optic Internet service are finding themselves [...]
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