Verizon Wireless gains subscribers while narrowly missing revenue projections
Verizon Wireless catches a lot of bad rep from just about everyone for its price-gouging techniques and ridiculous amount bloatware that is pre-installed on a lot of devices. Although the wireless giant catches a bunch of bad press, there’s at least one thing that it continues to do well with; providing customers with reliable services.
The company has posted its second-quarter earnings report, showing that it gained 113.2 million retail connections which includes prepaid devices, as well as tablets and smartwatches. In addition to those connections, Verizon is reporting an increase of 615,000 postpaid additions to its already humongous subscriber base.
Verizon also reported an earnings of 94 cents per share on $30.53 billion in revenue, which is actually down from what the company reported this time last year. Analysts on Wall Street were expecting to see Verizon trade at 92 cents per share on $30.94 billion in revenue, so the revenue target was just slightly missed, but it wasn’t by much.
Although Verizon is already doing fairly well for itself, the company announced its plans to acquire Yahoo for a reported $4.8 billion. We can expect to see not only some uptick once the deal is complete, but more in store for customers in the future.
[via CNBC]