Big red is reporting some green, green earnings. Verizon today posted its second quarter financials, and it seems pretty happy about the whole thing, thanks to $28.6 billion in total operating revenues -- a 3.7 percent increase over this time last year. The carrier's consolidated operating income, meanwhile, hit $5.7 billion for the quarter, up from $4.9 billion in Q2 2011. In Wireless, the company racked up $15.8 billion in service revenues (up 7.3 percent from last year) and $6.9 billion in data revenues (up 18.5 percent). The second quarter saw the addition of 1.2 million retail net customers, for a total of 94.2 million by the end of the financial period. Also, according to the numbers, smartphones now make up half of the carrier's postpaid customer phone base -- that's up three percent from last quarter.
Continue reading Verizon issues Q2 earnings, touts $15.8 billion service revenues in Wireless
Verizon issues Q2 earnings, touts $15.8 billion service revenues in Wireless originally appeared on Engadget on Thu, 19 Jul 2012 08:13:00 EDT. Please see our terms for use of feeds.
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