Verizon Quarterly Report Looks Good
Verizon’s quarterly report looked very good as it was released earlier this week. The company continues to grow in sales and volume. The second quarter report was two point four percent (2.4%) above last years second quarter numbers. Some of the new services the company has began to offer has helped their growth.
The total revenue was a massive $5.3 billion. That created a net profit of $1.68 billion or 58 cents a share making investors happy. The results were on with the companies estimates and things are looking optimistic for the future.
The next quarter’s figures will be somewhat affected by how well new services such as Ethernet continue to sell. The lawsuit with Vonage about infringed patents could also hurt or help. Rumors state that a decision could be final as early as September, but at this point everything is nothing more than speculation. Either way things go, the company will continue to grow.
One of Verizon’s current most popular deals is a DSL service for only 14.99 a month for the first 12 months making it one of the cheapest and most realiable DSL connections available. It’s easy to install and comes with a free modem.