Verizon net profit falls 9%

Verizon Communications Inc third-quarter profit fell a less-than-expected 9 per cent as it added more wireless customers than analysts had forecast.
Verizon’s profit fell to $2.89 billion, from $3.2 billion, in the same quarter a year earlier. Revenue rose 10.2 per cent to $27.27 billion from $24.75 billion in the year-earlier quarter, helped by its purchase earlier this year of rural mobile operator Alltel.

Liked the story?

  • 0

    Happy
  • 0

    Amused
  • 0

    Sad
  • 0

    Frustrated
  • 0

    Angry