Verizon (NYSE: VZ) Earnings Q1 2011
Highlights:
- Overall:
- 51 cents in diluted earnings per share (EPS), compared with EPS of 16 cents and adjusted EPS (non-GAAP) of 48 cents in 1Q 2010.
- Wireless:
- 6.3 percent year-over-year increase in service revenues in Q1 2011; data revenues up 22.3 percent; 25.8 percent operating income margin and 43.7 percent Segment EBITDA margin on service revenues (non-GAAP).
- 1.8 million net additions, excluding acquisitions and adjustments, includes 906,000 retail postpaid net customer additions; continued low retail postpaid churn of 1.01 percent.
- 104.0 million total connections, includes 88.4 million retail customers.
- Wireline:
- 207,000 net FiOS Internet and 192,000 net FiOS TV additions; 4.3 million total FiOS Internet connections and 3.7 million total FiOS TV connections.
- 10.5 percent year-over-year increase in consumer ARPU; FiOS consumer retail revenues now represent approximately 54 percent of total consumer revenues.
- 12.8 percent increase in strategic enterprise revenues, which now represent approximately 46 percent of total global enterprise revenues.
Key statistics for VZ from Yahoo! Finance
Verizon's website
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