{"id":643311,"date":"2010-01-26T09:51:02","date_gmt":"2010-01-26T14:51:02","guid":{"rendered":"http:\/\/www.stoth.com\/2010\/01\/26\/big-red-in-the-red-digital-daily\/"},"modified":"2010-01-26T09:51:02","modified_gmt":"2010-01-26T14:51:02","slug":"big-red-in-the-red-digital-daily","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/643311","title":{"rendered":"Big Red in the Red [Digital Daily]"},"content":{"rendered":"

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\"\"<\/a>Reporting fourth-quarter earnings<\/a> this morning, Verizon (VZ) posted revenue that jumped 9.9 percent to $27.09 billion and said it added 2.2 million mobile subscribers. Yet the company reported a loss of $653 million, or 23 cents a share for the quarter — mostly because of costs related to layoffs in the period. Quite a change from the profit of $1.24 billion, or 43 cents a share it reported in the quarter a year ago.<\/p>\n

Analysts polled by Thomson Reuters had been expecting earnings of 54 cents a share on $27.33 billion in revenue.<\/p>\n

Revenues from Verizon\u2019s wireline services declined 3.9 percent to $11.5 billion. But data revenue rose 31 percent, to $16 billion. And wireless data revenues accounted for 32 percent of all service revenues, up from 26.5 percent a year earlier.<\/p>\n

“We were somewhat surprised by the continued level of economic pressures impacting our enterprise and wholesale markets,” Verizon CFO John Killian told analysts during an earnings call this morning.”We still face a very challenging environment.”<\/p>\n

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Reporting fourth-quarter earnings this morning, Verizon (VZ) posted revenue that jumped 9.9 percent to $27.09 billion and said it added 2.2 million mobile subscribers. Yet the company reported a loss of $653 million, or 23 cents a share for the quarter — mostly because of costs related to layoffs in the period. Quite a change […]<\/p>\n","protected":false},"author":288,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-643311","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-2HlZ","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/643311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/288"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=643311"}],"version-history":[{"count":0,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/643311\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=643311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=643311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=643311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}