Verizon's Q3 Earnings Report Shows Solid Growth All Around
It's been one of those weeks for analysts -- one of those great, hairy weeks where they get to sit back, look at earnings reports and make predictions. Verizon
has just come clean with their Q3 2011 results, and by and large, they look rather positive. The company remained on track in the quarter, with revenues boosted by 5.4% and overall revenues coming in at $27.9 billion. Yes. With a "B." Highlights include 49 cents in diluted earnings per share (EPS), compared with 23 cents per share in 3Q 2010, as well as $15.0 billion in service revenues in 3Q 2011, up 6.1 percent year over year; data revenues of $6.1 billion, up 20.5 percent, representing 40.6 percent of service revenues; total revenues of $17.7 billion, up 9.1 percent.
The company saw a 2.5% increase in retail postpaid average-revenue-per-use compared to this time a year ago, and on the wireline side, there was 138,000 FiOS Internet and 131,000 FiOS TV net additions, with increased sales penetration for both products; 4.0 million customers now subscribe to FiOS TV. They didn't break out the sales of their LTE phones nor the iPhone 4S, but we're pretty sure both classifications helped out. The full report is linked below.