Verizon reports strong first quarter numbers
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Thanks to the strength in wireless, Verizon reported a total profit of 58 cents per share in the first quarter, a figure that includes Big Red's wireline businesses. That was an increase from the 57 cents per share reported last year. Revenue grew 11.6% year over year to $26.6 billion and cash flow soared 20% from the 2008 quarter to $6.4 million dollars. Is that Scrooge McDuck taking a flying leap into that cash pile in Verizon's vaults?
source: Verizon
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16 Comments
1. drewsky posted on 20 Oct 2010, 01:43 0 0
Good job Verizon. I know the fanboys are coming... I hear the pitter patter of little feet.... LOL
2. VZWEMP posted on 28 Apr 2009, 08:58 0 0
please people stop with the whole fanboy thing. seriously. people cant even leave a comment anymore without getting persecuted. over the past year this site has gone from a site to DISCUSS mobile devices and the mobile industy as a whole to people just using is as a venue to broadcast their their sarcasm or lack of knowledge. Let people have their preferences. we ALL do. Just because one chooses Verizon over At&t or the iPhone over the Storm or vice versa doesnt make them a fanbboy. this site needs to return to its original state as soon as possible.
9. smimi15 posted on 28 Apr 2009, 11:45 0 0
I pitter pattered all over drewsky's mom. buuuuurn.
11. tflex posted on 28 Apr 2009, 12:36 0 0
although i agree with u completely, u sound just like godfather did in the beginning... and look how he turned out.
16. Fanboys Suck posted on 28 Apr 2009, 17:43 0 0
I guess this means I need to get a new User Name... ? (But really, Fanboys exist, and they do suck!) But yes, Amen to VZWEMP for setting it straight: just because you have a preference, doesn't mean you are a fanboy... but being a little prick and spouting off stupid crap about how someone's carrier is God-Like and all powerful and blah blah blah... you get the picture.
3. bigfanboyred posted on 28 Apr 2009, 09:06 0 0
doing a good job in this environment is hard for any company or industry!
7. vzw fanman posted on 28 Apr 2009, 10:49 0 0
here i am!!! i am so glad verizon is doing well
6. TestManVZW posted on 28 Apr 2009, 10:10 0 0
Good stuff VZW. I am really excited to see how this next 2 years plays out with LTE and the rumor of a VZW iphone next year as well. If both of those happen in the next 2 years, VZW could seriously pull away from AT&T in terms of total customers. I know a lot of my friends have switched from VZW to AT&T just for the iphone and hate the service, so it will be exciting to see what people decide to do when they have options opened for them.
8. trentsinmypants posted on 28 Apr 2009, 11:16 0 0
once again drewsky made me laugh out loud....thanks man. I needed that! :D *listens for more pitter patter* haha! Drewsky = resident comedian! :D
10. YouLostTheGame posted on 28 Apr 2009, 12:15 0 0
I'll be interested to see what the earnings are for AT&T in comparison to VZW. I think A LOT of their new customers over the last few years have been due to the iphone. Now with all these rumors swirling around, I'll be very curious to see how many people come back to VZW with an iphone on their network. Looking forward to that and the LTE build-out.
12. Keepin_Real posted on 28 Apr 2009, 12:54 0 0
VZW has done well in the Q1 of 2009. AT&T has done well in the Q1 of 2009. Where are those Wireless industry experts now? Besides claiming we will see low ARPU but a "Major Economic Hit" to the wireless industry and how "Prepaid will impact carriers heavily. I want to hear those idiots analysis now.
15. vzw fanman posted on 28 Apr 2009, 17:14 0 0
probably awesome because they have the best coverage worldwide
14. shimmyx20 posted on 28 Apr 2009, 15:03 0 0
Very impressive numbers from VZW! I'm glad to see that the wireless industry is still strong during the recession
