Verizon on Thursday posted its results for the second quarter of 2013. Wall Street was looking for earnings to climb 14% to $0.72 per share on sales totaling $29.81 billion, and Verizon narrowly beat the consensus, posting $0.73 in EPS on light revenues of $27.8 billion. In the same quarter last year, Verizon reported a profit of $0.64 per share on $28.55 billion in sales. Verizon’s earnings totaled $2.25 billion last quarter including a one-time pension benefit, up from $1.83 billion in the same quarter last year. Verizon said it added 1 million net new wireless subscribers in Q2 2013, including 941,000 contract customers. Verizon now reports 100.1 million total retail connections, which is up 6.3% over Q2 2012. About 64% of Verizon’s contract wireless customers were smartphone users at the end of the second quarter, and Verizon said it activated 3.9 million iPhones during the June quarter, up 44% on-year.
Verizon posts $2.25 billion Q2 profit, adds 1 million new subscribers
Updated Jul 18th, 2013 8:56AM EDT
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Zach Epstein has been the Executive Editor at BGR for more than 15 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.
His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.
