Verizon notes strong 3Q
While I’m sure they’re not bathing in money, Verizon seems to have fared pretty well, or so it seems in the reports that surround their 3Q results. The current carrier of BlackBerrys 7250, 7130e, and 8703e reports their “third-quarter 2006 earnings were $2.0 billion, or 68 cents per share. This is an increase of 7.5 percent compared with earnings of $1.8 billion, or 66 cents per share, in the third quarter 2005.” Pretty high numbers, Verizon. Let the boasting begin…
“Verizon continues to win customers and market share for wireless, broadband and enterprise services,” said Ivan Seidenberg, Verizon chairman and CEO. “These organic growth initiatives gained momentum in the third quarter, and we are confident this growth is sustainable. We are building long-term shareholder value on a foundation of infrastructure and technology investment, supported by innovative marketing and customer service initiatives.
“Once again, Verizon Wireless has posted another industry-leading quarter of profitable growth, while our other network-based businesses continue to establish new customer relationships. Verizon Telecom reported an excellent quarter in adding broadband and video customers. Verizon Business again delivered sequential revenue growth as it focuses on increasing its penetration of U.S.-based multi-national accounts, and the integration of the former MCI is producing significant operational benefits and synergies that are on plan.”