Verizon (NYSE: VZ) Earnings Q2 2011
Highlights:
- Overall:
- 57 cents in diluted earnings per share (EPS), compared with a loss of 42 cents per share and adjusted EPS (non-GAAP) of 51 cents in 2Q 2010.
- Wireless:
- 6.6 percent year-over-year increase in service revenues in 2Q 2011; data revenues up 22.2 percent; 27.1 percent operating income margin and 45.4 percent Segment EBITDA margin on service revenues (non-GAAP).
- 2.2 million net additions, excluding acquisitions and adjustments, includes 1.3 million retail postpaid net customer additions; 106.3 million total connections, includes 89.7 million retail customers.
- Retail postpaid churn of 0.89 percent, the lowest in three years.
- Wireline:
- 189,000 FiOS Internet and 184,000 FiOS TV net additions.
- 9.4 percent year-over-year increase in consumer ARPU; FiOS consumer retail revenues represent approximately 57 percent of total consumer revenues.
- 17.8 percent increase in strategic services revenues, representing approximately 48 percent of total global enterprise revenues.
Key statistics for VZ from Yahoo! Finance
Verizon's website
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