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October 18, 2012 02:18 pm GMT

Verizon Reports Q3 2012 Results: $29B In Revenue, Earnings Of $.56 Per Share, 1.5M New Postpaid Wireless Subscribers

verizon_logoTelecommunications giant Verizon has just released its Q3 2012 earnings, reporting double digital growth for the third consecutive quarter. Wireless service revenues accounted for a good chunk of income on the backs of record high profit margin. And once again, analysts were right on the money with Verizon reporting $29B in total operating revenue on a consolidated basis, up 3.9% over last year. The company reported diluted earnings of $.56 per share, up from $.49 per share, a 14.3% increase over the third quarter last year.

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