Verizon Communications, Inc. (VZ) reported first-quarter adjusted earnings that topped estimates. For the quarter ending March, Verizon’s adjusted earnings were $1.31 per share, excluding items. Revenues increased 4% to $32.9 billion. A year earlier, Verizon earned $1.26 a share on revenue of $31.6 billion.
Wireless service revenue increased 2.4% to $16.7 billion. Verizon lost 178,000 postpaid wireless phone subscribers fighting intense competition from T-Mobile US Inc and AT&T Inc. It’s business unit revenue rose 1.3% to $7.8 billion. Verizon Media revenues were $1.9 billion, with an increase of about 10.4%.
Verizon Communications, Inc. (VZ) is a worldwide leader in delivering communications and technology solutions that improve the lives of its customers. To learn more about Verizon Communications, Inc. (VZ), and to track its progress please visit the Vista Partners Verizon Communications Inc. Coverage Page.
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