Verizon had 40% jump in q3 13 net income

[dpham00]

Verizon is reporting a 40 percent jump in third-quarter net income after adding more than 1 million new wireless devices to its network.

The country's largest cellphone carrier earned $2.23 billion, or 78 cents per share, up from $1.59 billion, or 56 cents per share, in the same quarter of 2012. Excluding one-time items, the company posted an adjusted profit of 77 cents per share for the recent quarter.

Revenue rose 4 percent to $30.28 billion from $29.01 billion.

The results Thursday beat Wall Street predictions. Analysts polled by FactSet expected a profit of 74 cents per share on $30.15 billion in revenue.

The company added 1.1 million net retail wireless connections during the quarter.

Shares of Verizon Communications Inc. are up 3 percent to $48.80 in premarket trading.



http://abcnews.go.com/m/story?id=20595559&ref=http://news.yahoo.com/

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[dpham00]

Verizon's third quarter results are out, and it's not suffering any malaise after its break-up with Vodafone, having landed 1.1 million new mobile customers and over 300,000 new subscribers to its FiOS internet and video services during the three-month period. More than 67% of people on the carrier's books are now rocking smartphones, some of which will be handsets that joined the LTE line-up this quarter, including the HTC One, Motorola's new Droids, the iPhone 5s and 5c, and most recently, the Galaxy Note 3. In total, Verizon took $7.1 billion in profit (a whopping 30 percent more than in Q3 2012) from $30.3 billion in revenue. It's not a huge increase over last quarter's success, but we doubt the head honchos care too much about growth when looking at that many zeros.


http://www.engadget.com/2013/10/17/verizon-third-quarter-2013-results/
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[fofjjsr]

Verizon's third quarter results are out, and it's not suffering any malaise after its break-up with Vodafone, having landed 1.1 million new mobile customers and over 300,000 new subscribers to its FiOS internet and video services during the three-month period. More than 67% of people on the carrier's books are now rocking smartphones, some of which will be handsets that joined the LTE line-up this quarter, including the HTC One, Motorola's new Droids, the iPhone 5s and 5c, and most recently, the Galaxy Note 3. In total, Verizon took $7.1 billion in profit (a whopping 30 percent more than in Q3 2012) from $30.3 billion in revenue. It's not a huge increase over last quarter's success, but we doubt the head honchos care too much about growth when looking at that many zeros.


Verizon celebrates Vodafone split with a million new subscribers
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This is why I laugh when people bash Verizon. They are doing something right quite obviously. Also, I never expected any negative effect from the Vodaphone breakup, beacuse Vodaphone has been looking to sell their share for a while, and Verizon has been wanting to buy it.

 

[cg101]

I want to know how much of those sales were from the glitch weekend? That was a brilliant move and one that won't happen for quite some time.

 

[dpham00]

I want to know how much of those sales were from the glitch weekend? That was a brilliant move and one that won't happen for quite some time.

Not until they are short near the end of the quarter...

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[cg101]

Not until they are short near the end of the quarter...

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Right...but even in that case, they're not going to give unlimited data away...not without playing throttling games. They will pull some other maneuver.