Verizon Reports Positive Earnings for Q2

Verizon Communications Inc. claimed positive earnings for the 2nd quarter of 2019, with the telecommunications huge reporting a internet revenue of $4.6 billion. The company’s total profits for the quarter was $32.2 billion, which is up 1.2 percent from the very same period final 12 months.

Verizon’s wireless phase documented a overall profits of $22.6 billion, which is up 2.6 % from the exact time period final 12 months. The company’s wi-fi phase documented a total of 1.8 million web additions, with 1.2 million coming from postpaid clients and 602,000 from pay as you go consumers. The firm also noted a complete of 5.3 million retail postpaid smartphone net additions, up from 4.4 million in the same interval final year.

Verizon’s wireline segment described a total income of $7.7 billion, which is down 1.7 % from the similar time period past yr. The company’s full FiOS revenues have been $3.4 billion, which is up 1.4 per cent from the identical period final yr. The organization also documented a overall of 467,000 FiOS Net net additions, which is up from 459,000 in the identical period of time final 12 months.

Total, Verizon reported positive earnings for the 2nd quarter of 2019, with strong expansion in its wi-fi segment and steady advancement in its wireline section. The company’s overall revenue for the quarter was $32.2 billion, which is up 1.2 % from the similar period of time past 12 months. Verizon’s solid effectiveness in the 2nd quarter is a sign that the firm is continuing to improve and expand its business.

Image by John Loo from Pixabay

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