Verizon Making More Money

by: Darcy LaCouveeJanuary 25, 2011
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Verizon just released their quarterly earnings report, and it looks like Big Red is doing pretty well for themselves. This time last year the carrier was raking in $2.37 million, a number which was nearly doubled to $4.65 million last quarter. This could have a lot to do with the 872,000 new subscribers Verizon added, a number greatly exceeding the expected addition of 646,000. Those numbers could have a lot do with the stellar Android lineup available on VZW’s network coupled with big holiday phone sales.

Still, Wall Street isn’t so pleased with the figures. 54 cents a share just didn’t live up to the 55 cents per share expected, resulting in a slight drop in price of Verizon stock. We personally think they already make enough money charging people.