Home News Verizon wrote in the fourth quarter of 653 million USD loss

Verizon wrote in the fourth quarter of 653 million USD loss

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NEW YORK (Dow Jones) – U.S. telecommunications giant Verizon In the fourth quarter because of the cost of one staff Loss of taxes. Like Verizon Communications Inc on Tuesday informed, the net loss for the fourth quarter at 653 million USD or 0.23 USD per Share. Last year, Verizon had a profit of 1.23 billion USD 0.43 Per share reported. Sales rose in the fourth quarter by 9.9% to 27.09 billion U.S. dollars.
Reason for the loss was a special expenditure of 3 billion USD because of the abolition of 8,000 jobs at the New York Telecommunications companies. Excluding special items, Verizon showed a gain of 0.54 (previous year: 0.61 USD) per share.
Thomson Reuters poll of analysts had a consensus in the run – a profit of $ 0.54 per share, on sales of 27.33 billion USD expected.

   

Website: www22.verizon.com

DJG / mkl / has 


(END) Dow Jones Newswires

January 26, 2010 07:55 ET (12:55 GMT)

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