Verizon's Quarter 3 Financials Holding Steady with Revenues Up 5.4%

Discussion in 'Android News' started by dgstorm, Oct 21, 2011.

  1. dgstorm

    dgstorm Editor in Chief Staff Member Premium Member

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    Verizon's third quarter financials are holding steady and "on track". Their revenues were up by 5.4% for a total of $27.9 Billion. Most of that modest growth came from their acquiring882,000 new retail postpaid connections. Their total operating expenses were $23.3 billion, which was an increase of 0.7 percent. I am sure stockholders are happy to see that Verizon's revenue increases were over 5 times higher than their expenses increases, and that they are actually posting a profit during this recessionary economy.

    Source: Verizon Q3 2011 Financials Results - Full Press Release
     
  2. ilikemoneygreen

    ilikemoneygreen Silver Member

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    Rolling in dough, what a surprise.
     
  3. krazienluv10

    krazienluv10 Member

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    do we know how att is doing? i wonder if their gaining as well...