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Verizon Revenue Rises As Retail Postpaid Subscribers Increase

2015-01-22 15:13:38| IT Services - Topix.net

Verizon Communications Inc's quarterly revenue rose 6.8 percent due to higher net addition of postpaid subscribers and a rise in average revenue per account as users added more devices to shared data plans. The company, however, reported a loss of $2.15 billion, or 54 cents per share, for the fourth quarter compared with a profit of $7.92 billion, or $1.76 per share, a year earlier, mainly due to valuation of benefits plan and pension adjustments.

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