adspatz's  Instablog

adspatz
Send Message
Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
My company:
SEC Live
  • Verizon Tops Analyst Estimates 0 comments
    Jan 21, 2014 11:27 AM | about stocks: VZ

    Originally published at www.seclive.com

    Verizon Communications Inc. (NYSE:VZ) announced its financial results for the fourth quarter of fiscal year 2012, reporting earnings and revenue that topped analyst predictions. The nation's largest cellular phone carrier posted earnings of $7.92B and $1.66 per share, up from the $1.93B loss and $0.38 earnings per share on an adjusted basis. Revenue climbed 3.4% from $30.05B to $31.07B, beating the $31.03B estimate. The company's gross margins continue to grow, and grew close to 15% this quarter thanks to its substantial investment in its 4G network that has helped the company maintain higher prices over its competitors. Chairman and CEO Lowell McAdam commented that the company continues to deliver value to shareholders while also growing the company.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: VZ
Back To adspatz's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.