Friday, October 21, 2011

Verizon reports solid Q3

BGR: The Three Biggest Letters In Tech : Filed Under: Earnings\nVerizon Communications on Friday reported earnings for the third quarter of 2011..Total consolidated operating revenue came in at $27.91 billion, up 5.4% over the third quarter last year and narrowly beating the Streets $27.88 billion estimate..The carrier reported non-GAAP earnings of $0.56 per share, up from $0.55 in the third quarter of 2010.\u00C2\u00A0Verizons wireless business recorded revenue of $15 billion in the quarter, up 6.1% from the same quarter last year, and wireless connections now total 107.7 million..ATnT on Thursday reported that its subscriber count surpassed 100 million for the first time in the third quarter.
''BGR: The Three Biggest Letters In Tech : Verizon sold 2 million iPhones in Q3, 700,000 fewer than ATnT