Verizon Communications posted its first-quarter earnings results on Thursday, showing solid income and revenue growth. The nation’s No.1 carrier reported EPS growth of 15.3% in the first quarter as
Verizon earned $0.68 per share, or $1.95 billion, compared to $0.59 in the same quarter last year. Sales also climbed 4% to $29.4 billion, narrowly missing the Street’s $29.54 billion consensus. Smartphones accounted for 61% of Verizon’s postpaid customer base which grew by a net 677,000 subscribers in the first quarter. The carrier also said it activated 4 million
iPhones during Q1 2013, beating Wall Street’s 3.5 million-unit consensus. Verizon shares climbed 1.94% during Thursday’s pre-market session. The carrier’s full press release follows below.
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