Verizon Adds 2.2 Wireless Customers in 4Q12, Posts Loss of $1.48 in EPS

Posted January 22, 2013 at 1:38pm by iClarified | Please help us and submit a translation by clicking here | 3894 views

Verizon has announced its earnings for 4Q12 posting an 8.5% year-over-year increase in Wireless service revenues for the quarter but a loss of $1.48 in earnings per share.

The company added 2.2 million Wireless customers in the quarter and is now offering 4G LTE to 273 million people.


4Q 2012 HIGHLIGHTS

Wireless
● 8.5 percent year-over-year increase in service revenues in 4Q 2012; 8.4 percent year-over-year increase in retail service revenues.
● 2.2 million retail net additions, excluding acquisitions and adjustments, including a record-high 2.1 million retail postpaid net connections; low retail postpaid churn of 0.95 percent; 98.2 million total retail connections, 92.5 million total retail postpaid connections.
● 4G LTE service now available to more than 273 million people in 476 markets across the U.S.

Wireline
● 4.1 percent year-over-year increase in consumer revenues; consumer ARPU (average revenue per user) up 9.5 percent year over year, to $105.63.
● 144,000 FiOS Internet and 134,000 FiOS Video net additions, with continued increased sales penetration for both services; 5.4 million total FiOS Internet, 4.7 million total FiOS Video customers.

Consolidated Earnings
● A loss of $1.48 in earnings per share (EPS), compared with a loss of 71 cents per share in 4Q 2011, impacted by non-cash pension items in both quarters and additional non-operational debt retirement and other restructuring items in 4Q 2012.
● A 7-cent-per-share impact due to Superstorm Sandy yielded 38 cents per share in adjusted EPS (non-GAAP), compared with 52 cents in adjusted EPS in 4Q 2011.

Hit the link below for the full release...

Read More


Share
Add Comment
Follow iClarified
Samsung Galaxy S6 Edge Plus and Samsung Galaxy Note 5 Leaked [Photos]
Photos of the Samsung Galaxy S6 Edge Plus and...
August Smart Lock Now Works With Your Apple Watch
The August Smart Lock app has been updated to...
First Photos of the iPhone 6s Force Touch Display Leaked?
The first photos of the Force Touch display f...
Apple Watch Fails to Reach Supplier 'Break-Even Volume' of 2 Million Per Month
Apple Broke Off Talks With BMW to 'Explore Developing a Passenger Car on Its Own'