Thursday, October 18, 2012

Verizon Q3 Earnings Report revenues up 7.5 percent




Verizon Wireless Again Posts Record-High Margin, Supported by Strong Service Revenues; Wireline Consumer Revenue Growth Continues to Accelerate

3Q 2012 HIGHLIGHTS:

Consolidated

56 cents in diluted earnings per share (EPS), compared with 49 cents per share in 3Q 2011 - a 14.3 percent increase.
64 cents per share in adjusted EPS (non-GAAP), which excludes 8 cents per share in charges, compared with 56 cents in adjusted EPS in 3Q 2011 - a 14.3 percent increase.
Wireless
7.5 percent year-over-year increase in service revenues in 3Q 2012; 7.9 percent year-over-year increase in retail service revenues; 31.8 percent operating income margin and 50.0 percent segment EBITDA margin on service revenues (non-GAAP), both record highs.

1.8 million retail net additions, excluding acquisitions and adjustments, including 1.5 million retail postpaid net connections; low retail postpaid churn of 0.91 percent; 95.9 million total retail connections, 90.4 million total retail postpaid connections.

4G LTE service now available to more than 250 million people in 419 markets across the U.S.

Wireline

4.6 percent year-over-year increase in consumer revenues, the highest in a decade; consumer ARPU (average revenue per user) up 10.3 percent year over year, to $103.86.

136,000 FiOS Internet and 119,000 FiOS Video net additions, with continued increased sales penetration for both products; 5.3 million total FiOS Internet, 4.6 million total FiOS Video customers.

Continue reading - Full Verizon Wireless Q3 Report