Verizon Communications, Inc. (VZ) Posts Q4 GAAP EPS of 38c

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Verizon (VZ) CFO Says 9.8M Smartphones Sold in Q4; 6.2M Were iPhones (AAPL)

January 22, 2013 8:52 AM EST

Verizon Communications (NYSE: VZ) CFO Fran Shammo said 9.8 million smartphones were sold in the fourth-quarter 2012. Notably, this compares with 10 million reported by AT&T (NYSE: T) earlier in January.

Of the total, 6.2 million were Apple (Nasdaq: AAPL) iPhones and 3.6 million were Google (Nasdaq: GOOG) Android-based devices.... More

Verizon (VZ) Slips as Sandy Hit Q4 Results; Margins Pressured on Smartphone Sales

January 22, 2013 8:02 AM EST

Verizon (NYSE: VZ) is seeing some pressure Tuesday morning following issuance of fourth-quarter 2012 results, with net profit missing expectations amid robust sales.

Revenue in the quarter was $30.05 billion, from $28.44 billion in the same period last year and expectations for $29.75 billion.

Net income inclusive of a seven-cent reduction from to Superstorm Sandy was 38 cents per share, versus the... More