Monday, January 28, 2008

Verizon Earnings....In Line with Estimates...

Verizon reports EPS in-line, revs in-line; adds 2 mln new net wireless subs; adds 226k FiOS TV customers (VZ) $37.76 :

Reports Q4 (Dec) earnings of $0.62 per share, ex items, in-line with the First Call consensus of $0.62; revenues rose 5.5% year/year to $23.84 bln vs the $23.96 bln consensus. For wireless co reports Q4 2.0 mln total net customer additions, 1.9 mln net retail customer additions; 65.7 mln total customers, 63.7 mln retail (non-wholesale) customers; 6.9 mln retail net adds in 2007, the most of any carrier. Co reports Q4 226,000 net new FiOS TV customers, 943,000 total FiOS TV customers at year-end;

Verizon now has more than 1 mln FiOS TV customers.

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