Verizon Bucks Market Trend: Earnings up in 3Q

Posted by Kallan Dahn Monday, October 27, 2008

Despite the break-down in the American economy Verizon Wireless is showing little signs of being affected. Verizon Wireless posted an 31% increase in earnings for the 3Q 2008. Year ago comparison from 3Q shows last year's earnings in at $1.27 Billion; this year a staggering $1.67 Billion. Verizon further added 1.5 Million subscribers this quarter, 600,000 subscribers were also obtained through the purchase of Rural Cellular Corporation. Verizon ended the quarter with 70.8 Million subscribers.

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