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Additions

Verizon adds 872,000 subscribers, doubles profit in fourth quarter

January 25th, 2011

Shares of Verizon Communications stock slid over 1% in after-hours trading Tuesday morning as the company reported its fourth quarter earnings. Despite almost doubling profit from $2.37 billion in the fourth quarter of 2009 to $4.65 billion in 2010, earnings of $0.54 per share missed the Street’s consensus of $0.55 per share and revenue fell …

Credit Suisse gives AT&T iPhone exodus predictions

September 21st, 2010

Credit Suisse has published a speculative report on just what might happen to AT&T’s customer base if rival Verizon Wireless were to begin carrying the iPhone. According to Credit Suisse, 23% of AT&T iPhone users indicate they would move over to Big Red if the company was to offer Apple’s smartphone. This would translate into a …