Verizon 2Q Results Rise, Match Street ViewJuly 19th, 2012 11:52 am Associated Press
NEW YORK (AP) — Phone company Verizon says its net income rose almost 13 percent in the second quarter as its wireless arm continued to pull in customers and higher fees.
Verizon Communications Inc. says it earned $1.83 billion, or 64 cents per share, in the April to June period. That’s up from $1.61 billion, or 57 cents per share, a year ago.
The latest earnings match the average forecast of analysts polled by FactSet.
The New York-based company says revenue rose 3.7 percent to $28.5 billion, also in line with analysts’ expectations.