Verizon issues Q2 earnings, touts $15.8 billion service revenues in Wireless

Big red is reporting some green, green earnings. Verizon today posted its second quarter financials, and it seems pretty happy about the whole thing, thanks to $28.6 billion in total operating revenues -- a 3.7 percent increase over this time last year. The carrier's consolidated operating income, meanwhile, hit $5.7 billion for the quarter, up from $4.9 billion in Q2 2011. In Wireless, the company racked up $15.8 billion in service revenues (up 7.3 percent from last year) and $6.9 billion in data revenues (up 18.5 percent). The second quarter saw the addition of 1.2 million retail net customers, for a total of 94.2 million by the end of the financial period. Also, according to the numbers, smartphones now make up half of the carrier's postpaid customer phone base -- that's up three percent from last quarter.

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Verizon issues Q2 earnings, touts $15.8 billion service revenues in Wireless originally appeared on Engadget on Thu, 19 Jul 2012 08:13:00 EDT. Please see our terms for use of feeds.