Verizon reports strong first quarter numbers
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?
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