Business Anywhere Blog

Mobilizing the Business and Business of Mobile

Verizon delivers strong Q3 results

with 3 comments

Verizon today announced its Q3 results and they are looking good with strong growth in wireless division. VZ announced a 59¢ diluted EPS for Q3 from 44¢ diluted EPS in Q3, 2007. Its revenue grew 5.4% YoY. Wireless business saw the strongest growth, with 1.5 million new retail customers increasing the total customer base to 70.8 million. Its total wireless revenue was $12.7 billion of which data services accounted for $2.8 billion.  VZ also reported lowest churn numbers with 1.33% total churn, while its ARPU climbed to $52.18 a month.

However, the biggest worry for VZ continues to be its debt which increased to $44 billion. It is at more than half of its market capitalization of $77 billion. Like its other telecom bretheren, it too suffers from up-front investment costs which are necessary to stay competitive. VZ continues to invest in wireless technologies and has also sped up its FiOS roll out to counter the 12% decline in its traditional wireline customer base.

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Written by dvdand

October 27, 2008 at 7:53 am

Posted in Financials, Verizon

Tagged with ,

3 Responses

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  1. Can you tell me who did your layout? I’ve been looking for one kind of like yours. Thank you.

    Dan Waldron

    October 27, 2008 at 8:16 am

  2. Dan,
    This template was created by Lucien E. Marin. You can see his contact link at the bottom of the page.

    dvdand

    October 27, 2008 at 9:27 am

  3. […] NEW YORK -(Dow Jones)- Verizon Communications Inc. (VZ) mostly shrugged off the effects of the Apple Inc. (AAPL) iPhone, as its wireless business helped drive a 31% increase in third-quarter profits. While Verizon Wireless continues to add subscribers at a relatively strong clip, and FiOS service … Verizon delivers strong Q3 results […]


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