Verizon earnings

 

Verizon 2Q Profit Slides, Sales Stay Strong

Verizon Communications Inc. (VZ) will slash 8,000 permanent and contract jobs in the second half of this year as diminished business customer spending puts a dent in profits. That’s the same number of positions Verizon has cut over the past 12 months. The news came on Monday when Verizon reported its second-quarter 2009 earnings – profits […]

Verizon Profits Up, But Growth Is Slowing

Everybody’s ga-ga over Verizon Communications Inc.’s (VZ) fourth-quarter 2008 earnings thanks to the service provider’s wireless division. But there are indications growth is slowing – Verizon added a mere 1.4 million new users, compared to 2.1 million in the same period a year earlier. Still, those numbers were enough to boost Verizon’s profit by 15 percent. […]

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