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LSI posts 2Q loss, but CEO Ready upbeat
2013-01-25 23:20:55| Furniture - Topix.net
LSI Industries Inc. incurred a loss in its October-December quarter, even excluding a $2 million goodwill impairment charge related to its 2012 acquisition of Virticus Corp., an Oregon-based startup that develops electronic lighting management systems.
Verizon posts record 4Q loss on pension adjustment
2013-01-23 00:32:03| Telecom - Topix.net
In this Jan. 8, 2013, file photo, NFL football commissioner Roger Goodell, left, and Verizon CEO Lowell McAdam talk about Verizon mobile products that allow NFL fans to watch games and interact with each other at the Consumer Electronics Show, in Las Vegas.
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Verizon posts record 4Q loss on pension adjustment
2013-01-22 20:32:46| Wireless - Topix.net
In this Jan. 8, 2013, file photo, NFL football commissioner Roger Goodell, left, and Verizon CEO Lowell McAdam talk about Verizon mobile products that allow NFL fans to watch games and interact with each other at the Consumer Electronics Show, in Las Vegas.
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Verizon posts record 4Q loss on pension adjustment
2013-01-22 20:32:45| Wireless - Topix.net
Verizon strengthened its position as the top dog of the wireless industry in its latest quarter by raking in new subscribers and selling millions of iPhones, but also posted a record loss.
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Verizon posts Q4 loss on charges, revenues up 5.7%
2013-01-22 17:06:00| Telecompaper Headlines
(Telecompaper) Verizon reported a net loss for the fourth quarter due to one-time pension, debt retirement and restructuring charges, but continued to see solid growth in both mobile and consumer wireline service revenues. The US operator posted a loss of USD 1.48 per share, double the loss of USD 0.71 a year earlier. Adjusted EPS, excluding the one-time items but including costs of 7 cents a share from Superstorm Sandy, totaled 38 cents, down from 52 cents a year ago. Revenues were up 5.7 percent year-on-year to pass USD 30 billion for the first time. Over the full year, capex fell by about USD 70 million to USD 16.2 billion, including USD 135 million for storm-related work, while free cash flow rose by 13.1 percent to USD 15.3 billion. Net debt dropped to USD 52.0 billion, from USD 55.2 billion at the end of 2011.
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