Verizon Reports Strong 4Q and Year-End 2010 Results

January 25, 2011 by | Comments

Positive cash flow and growth in Verizon Wireless, FiOS and strategic enterprise services highlighted fourth-quarter and year-end 2010 earnings reported today by Verizon Communications Inc.

The company reported 93 cents in EPS in fourth-quarter 2010, compared with 22 cents per share (as adjusted) in fourth-quarter 2009.  Fourth-quarter 2010 results included 39 cents per share in net non-operational gains: 50 cents per share primarily from the annual actuarial valuation of Verizon’s pension assets, partially offset by 6 cents per share for severance and other related charges, and 5 cents per share for Alltel merger integration costs.  Fourth-quarter 2009 results included 28 cents per share in non-operational charges.

Details here

–(Latest News from Verizon – Top Headlines)–

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