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Verizon posts Q4 loss on pension charges, margin pressure
2015-01-22 17:06:00| Telecompaper Headlines
(Telecompaper) Verizon Communications reported fourth-quarter revenues of USD 33.2 billion, up 6.8 percent year-over-year. The US operator posted a net loss of USD 0.54 per share, versus a profit of USD 1.76 a year earlier, due to a number of one-time charges for retirement benefits and financing costs. Excluding these items, EPS rose 7.6 percent year-on-year to USD 0.71. Over the full year, revenues increased 5.4 percent to USD 127.1 billion, helped by new revenues streams from the Internet of Things and telematics, which grew 45 percent to USD 585 million. Free cash flow totalled USD 13.4 billion, after capital expenditures increased 3.5 percent to USD 17.2 billion. For 2015, Verizon targets revenue growth of at least 4 percent and an adjusted EBITDA margin in line with the full-year 2014 performance. Capital spending is projected to increase slightly to USD 17.5-18.0 billion.
Tags: posts
loss
pressure
charges
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.
Tags: increase
retail
revenue
subscribers
Verizon revenue rises as retail postpaid subscribers increase
2015-01-22 14:54:42| Telecom - 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.
Tags: increase
retail
revenue
subscribers
Verizon Communications reports 4th-quarter loss of $2.23 billion
2015-01-22 14:13:25| IT Services - Topix.net
The New York-based company said it had a loss of 54 cents per share. Earnings, adjusted for non-recurring costs, came to 71 cents per share.
Tags: reports
loss
communications
billion
Verizon adds 116,000 net FiOS Video connections in 4Q 2014
2015-01-22 14:00:22| Digital TV News
Verizon Communications (NYSE, Nasdaq: VZ) has results for the fourth quarter of 2014. In the quarter, Verizon added 116,000 net new FiOS Video connections. Verizon had a total of 5.6 million FiOS Video connections at year-end.
Tags: net
video
connections
adds
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